BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Formation of the United Nations Development Programme.
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Creation of the United Nations.
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Establishment of the World Trade Organization.
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Signing of the Montreal Protocol.
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Negotiation of the General Agreement on Tariffs and Trade.
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Detailed explanation-1: -Which of the following was the most significant move of the 1980s that contributed toward international cooperation among trading nations? Negotiation of the General Agreement on Tariffs and Trade.
Detailed explanation-2: -The Bretton Woods Institutions-the IMF and World Bank-have an important role to play in making globalization work better. They were created in 1944 to help restore and sustain the benefits of global integration, by promoting international economic cooperation.
Detailed explanation-3: -Which of the following are elements of the General Agreement on Tariffs and Trade? Trade will be nondiscriminatory. Customs tariffs can be used to protect domestic industries. Problems in global trade will be solved through consultation.
Detailed explanation-4: -The purpose of the General Agreement on Tariffs and Trade (GATT) was to lower trade barriers such as high tariffs on imported goods and restrictions on the number and types of imported products that inhibited the free flow of goods across borders.