Multiple Choice
The "most favored nation principle" means that member countries:
A) can enter into exclusive favorable agreements with some countries.
B) are barred from forming agreements outside their geographic vicinity.
C) must apply the same low tariffs to all WTO member countries.
D) must apply differential tariffs on imports from non-WTO countries.
Correct Answer:

Verified
Correct Answer:
Verified
Q144: Trade diversion may be such that the
Q145: (Scenario: Electric Fan Trade) U.S. firms can
Q146: (Table: U.S. Demand for and Supply of
Q147: Which of the following is an effect
Q148: What is the "most favored nation" principle
Q150: Surveys of consumers regarding labor standards reveal
Q151: Why did the United States suspend its
Q152: In the case of global pollution, the
Q153: (Figure: U.S. Imports from Mexico and Asia)
Q154: What is the Kyoto Protocol?<br>A) It is