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  • The ________ clause embodied the fundamental principle of GATT–trade without discrimination. #361
  • The ________ requires that any preferential treatment granted to one country must be extended to all countries. #362
  • Which of the following accurately identifies a difference between GATT and the WTO? #363
  • What countries are granted the most-favored-nation status under the GATT? #364
  • The primary goal of the ________ was to promote a free and competitive international trading environment. #365
  • International Trade on Economic Growth were first pointed out by #366
  • Advantageous trade can occur between countries if the countries ________ in their technological abilities to produce goods and services. #367
  • The theory of comparative advantage assumes two countries producing two goods using ________as the only factor of production #368
  • In Ricardian Model it is assumed that ________ goods are produced by both countries. We assume a barter economy. #369
  • In David Ricardo’s original presentation of the model, he focused exclusively on the ________ side. #370
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