The most favored nation principle, agreed upon by GATT members, meant that
a. foreign firms would be subject to the same rules and regulations as a country's domestic firms.
b. a country should extend the privileges of its citizens to tourists from other member nations.
c. a tariff rate granted to one member of GATT would be extended to all members.
d. trade disputes would be settled by the unanimous agreement of all parties to the dispute.
Answer: C