Why was the GATT Pact, creating the World Trade Organization, so important to doing international business? Explain.

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

The Legal Environment of Business A Critical Thinking Approach

ISBN: 978-0132664844

6th Edition

Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne

See More Books

Question Posted: Mar 25, 2013 05:23 AM

See More Questions

GATT and its successor, the World Trade Organization, have established a set of rules for the commercial conduct of trading nations. Explain.
Why are property rights so important in creating wealth?
Why is shared information so important in a learning organization in comparison to an efficient performance organization? Discuss how an organization's approach to sharing information may be related...
Solve the equation (a) Graphically, (b) Numerically, and (c) Symbolically. Then solve the related inequality. |4x7| = 5, |4x - 7| 5
Show that y satisfies the requirements of a norma on ''.
2015 2016 ASSIGNMENT Lesson 03 Quiz 01 Assets Cash AR inventory Total Net Foxed Assets Total Asses FIRST NAME LAST NAME $45.00 $14200 5308.00 $493,00 $1.000.00 51 493.00 $50.00 $231.00 $215.00...
Given that P1A B2 = .3 and P1B0A2 = .9, find LO5 P(A).
On January 20, Metropolitan, Inc., sold 8 million shares of stock in an SEO. The market price of Metropolitan at the time was $42.50 per share. Of the 8 million shares sold, 5 million shares were...
888 Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.50 pounds...
Assume the same information for Spruce Bank as in Problem 11-39. David believes that within the pool of borrowers he invests in, the timing of when borrowers ultimately default could be different...
Define the following: a. Expropriation b. Doctrine of sovereign immunity c. Act-of-state doctrine d. Arbitration clause e. Choice-of-forum clause
Zapata entered into a contract with a German corporation to use one of Zapatas oil-drilling rigs off the coast of Italy. The contract stated, Any dispute arising must be treated before the London...
The graph of f is shown. (a) Explain why the series is not the Taylor series of f centered at 1. (b) Explain why the series is not the Taylor series of f centered at 2. y A 1 1.6 0.8(x 1) + 0.4(x ...
The balances of selected accounts of Casper Company on February 28, 20X1, were as follows: Sales $250,000 and Sales Returns and Allowances $4,000. The firm's net sales are subject to an 7 percent...
1. Draw and label force diagrams for the physics book and for the calculator. Add equality marks showing any equalities between force diagrams. Circle and label any Newton's third law pairs. (6 pts)...
Consider the Lincoln Tunnel, which was built in 1939 under the Hudson River in New York. Assume the tunnel to be empty with perfectly conducting walls and rectangular cross section with width 6.55 m...
Examine a well-known principal-agent contract, the sale of your home by a licensed realtor. You will use the following data to analyze this case. Your home is the typical home, approximately 1,875 sq...
i) Generate a third degree polynomial in x and y named g(x, y) that is based on your mobile number (Note: In case there is a 0 in one of the digits replace it by 3). Suppose your mobile number is...
RET (Pty) Ltd, a South African company, is seeking an international market. It decides to sell through the internet and prices its goods in rand. They argue that pricing goods in foreign currency...
What types of inventory issues Starbucks might reflect upon at the end of each year? The mission of Starbucks is to inspire and nurture the human spiritone person, one cup, and one neighborhood at a...
Do Regulations have higher authority in federal tax law than Revenue Rulings?
The court refers to the economic benefits that may accrue to a corporation from crimes. Is it saying that corporate officers spend their time planning crimes?
How can it possibly make sense to exclude legitimate evidence, because a police officer made some technical mistake? Arent we letting the criminal go free because the constable blundered?
Does the Supreme Court think that all cops want to abuse the average citizen?
Problem 1 5 - 5 ( Algo ) Lessee; operating lease; advance payment; leasehold improvement [ L 0 1 5 - 4 ] On January 1 , 2 0 2 4 , Winn Heat Transfer leased office space under a three - year operating...
Zafra and Stephanie formed an equal profit- sharing O&S Partnership during the current year, with Zafra contributing $100,000 in cash and Stephanie contributing land (basis of $60,000, fair market...
What is the Breakeven Point in units assuming a product selling price is $100, Fixed Costs are $8,000, Variable Costs are $20, and Operating Income is $32,000 ? 100 units 300 units 400 units 500 units

Why was the GATT Pact, creating the World Trade Organization, so important to doing international business? Explain.

Question:

Step by Step Answer:

General Agreement on Tariffs and Trade GATT was made in the year 1947 The main objective was to init...View the full answer

The Legal Environment of Business A Critical Thinking Approach

Students also viewed these Business Law questions