QUESTION 4 Exceptions to MFN treatment are allowed in cases involving: O a. Preferential trade agreements. Ob. Preferences granted to "developing" countries. c. The imposition of voluntary export restraints (VERs). O d. A and B above.QUESTION 7 Bound tariffs can be relaxed under which of the following conditions? a. After renegotiation and upon payment of compensation. O b. Bound tariffs can never be changed. C. Bound tariffs can be relaxed at the request of a contracting party. O d. None of the above.QUESTION 1 The Ministerial Conference and General Council of the WTO must always make decisions by consensus. True O False