What is the role of government in international services trade? ...

[AEWBW]

What is the role of government in international services trade?
 
  What will be an ideal response?

Question 2

Between 1821 and 1918, why was the international monetary system also known as the sterling-based gold standard?
 
  A) economic dominance of the United Kingdom
  B) fluctuating gold value in the United States
  C) reliance on German banking systems
  D) expansion in the United States

[nothere]

Answer to Question 1

Governments frequently protect local professionals and ensure that domestic standards and credentials are maintained by restricting the ability of foreigners to practice certain professions like law and medicine. Sometimes regulations stipulate which firms are allowed to enter service markets and the prices that can be charged. Over the last decade, the number of regulations in many service industries has dropped. The World Trade Organization sees further reductions as a top priority.

Answer to Question 2

A