Author Question: One of the outcomes of the Uruguay Round is the formation of the World Trade Organization now sets ... (Read 28 times)

Zulu123 · **on:** Jun 30, 2018

One of the outcomes of the Uruguay Round is the formation of the World Trade Organization now sets new trade rules and has more power than the old GATT to enforce the rules it sets.

Indicate whether the statement is true or false

Question 2

If the autarky price of S (in terms of T) were lower in country A than in country B,

A) A has a comparative advantage in S.
B) B has a comparative advantage in T.
C) A has a comparative disadvantage in T.
D) All of the above.