Answer:
c. The Great Depression and the Smoot-Hawley Tariff led to the Generall Agreement on Tariffs and Trade. As world trade grew, a more formal organization was needed and the World Trade Organization eventually replaced GATT.
Explanation:
It is worthy saying that the GATT remains but it has been taken over by the World Trade Organization. Tariffs like Smoot-Hawley after World War II as well as the Great Depression were major events that created the need for a General Agreement on Tariffs and Trade. It was initially signed by a few countries and it kept growing, thus the need for a more formal World Trade Organization.
Answer:
There were originally seven colonies in New England in the 17th century:
Explanation:
Plymouth Colony: founded in 1620, absorbed by the Province of Massachusetts Bay in 1691
Province of Maine: founded in 1622, later absorbed by the Massachusetts Bay Colony
New Hampshire Colony: founded in 1623, later became the Province of New Hampshire
Massachusetts Bay Colony: founded in 1630, became the Province of Massachusetts Bay in 1691
Rhode Island Colon: founded in 1636
Connecticut Colony: founded in 1636
New Haven Colony: founded in 1638, absorbed by Connecticut Colony in 1664
They conveyed merchandise from focal Africa and Nubia into Egypt and southwestern Asia and brought different products back.
The statement "the system of production and distribution and consumption" is one of many definitions of Economy. Option C
This is further explained below.
<h3>What is
the Economy?</h3>
Generally, A region that engages in the production, distribution, and trading of commodities and services, in addition to their consumption, is referred to as an economy.
It is a social domain that emphasizes the activities, and material manifestations that are involved with the creation, use, and management of finite resources. In a broad sense, this definition describes what it is.
In conclusion, One definition of "economy" is "the organization of distribution and production and consumption," although this is only one of many possible meanings.
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