Practice Quiz Chapter 8
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Which of the following institutions was established following World War II to regulate the trade between countries?
GATT, General Agreement on Tariffs and Trade
A(n) ____ union represents complete integration of all public affairs within a region.
Political
Countries benefit from global economic integration politically and economically. Which of the following is an example of a political benefit?
Promoting peace by promoting trade and investment
Efforts to reduce trade and investment barriers within one region refer to:
Regional economic integration
Which one of the following is NOT a function of WTO?
Regulation of subsidies on agricultural products