$1.$ Global business and trade agreements

Identify each statement in the following table as true or false.

Statement

True

False

$1.$ The World Trade Organization was founded as a result of the Maastricht Treaty.

$2.$ The General Agreement on Tariffs and Trade $($GATT$)$ substantially increased the number of tariffs imposed by member countries.

$3.$ Tariffs make it more expensive to purchase imported goods.