Which of the following assertions is not correct about themultilateral approach

Question

Which of the following assertions is not correct about themultilateral approach to free trade? a. The multilateral approach has the potential to result infreer trade than does the unilateral approach. b The multilateral approach may have a politicaladvantage over the unilateral approach. c.the multilateral approacvh is simpler than unilateralapproach. d.NAFTA and GATT are both multilateral approaches to freetrade Which of the following assertions is not correct about themultilateral approach to free trade? a. The multilateral approach has the potential to result infreer trade than does the unilateral approach. b The multilateral approach may have a politicaladvantage over the unilateral approach. c.the multilateral approacvh is simpler than unilateralapproach. d.NAFTA and GATT are both multilateral approaches to freetrade

Explanation / Answer

Multilateral trade agreements are between many nationsat one time. For this reason, they are very complicated tonegotiate, but are very powerful once all parties sign theagreement. The primary benefit of multilateral agreements is thatall nations get treated equally, and so it levels the playingfield, especially for poorer nations that are less competitive bynature. ~ c.the multilateral approacvh is simpler than unilateralapproach.

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