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    Macroeconomics A Contemporary Introduction Study Set 1
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    Exam 17: International Trade
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    The Establishment of GATT Resulted In
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The Establishment of GATT Resulted In

Question 54

Question 54

Multiple Choice

The establishment of GATT resulted in:


A) lower tariff rates.
B) an increase in the net welfare loss of economies.
C) a decrease in the total world trade.
D) increased protectionism.
E) a rise in the price of imports.

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