One of the basic elements of the General Agreement on Tariffs and Trade (GATT) is that:
A. member nations are exempt from import tariffs to other member nations.
B. all tariffs shall be abolished among member nations at the time of membership.
C. the World Court shall review all claims and make final judgments.
D. trade shall be conducted on a nondiscriminatory basis.
E. trade in services and investments will be excluded from the purview of the GATT.
Answer: D. trade shall be conducted on a nondiscriminatory basis.
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International Marketing Chapter 2
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