The "Escape Clause" of the GATT Agreement Derives Its Name

Multiple Choice

The "escape clause" of the GATT agreement derives its name from the fact that:

A) it allows a country to escape from having trade disputes settled by GATT guidelines.
B) it permits a country to escape from its previously negotiated tariff obligations.
C) it permits a country to be relieved of having to make its balance of payments obligations for a short period of time.
D) none of these are correct.