Problem
1. What is the most-favored-nation clause? How exactly does it work, and why is it used in tariff agreements? How is it related to the concept of reciprocity?
2. If trade agreements consisted of several independent sections or codes that only applied to countries that signed each code, how would that likely affect the extent of liberalization of world trade?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.