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Author Question: The WTO requires its members to operate under various rules. Which of the following are included in ... (Read 33 times)

silviawilliams41

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on: May 25, 2020

Question 1

Which of the following is NOT a problem with protection?
◦ It may be an inferior solution to problems of free trade.
◦ It reduces the amount supplied by domestic producers.
◦ It risks retaliation from other countries.
◦ It leads to smaller world output.

Question 2

The WTO requires its members to operate under various rules. Which of the following are included in these rules?
◦ Any nation benefiting from a tariff reduction by another country must reciprocate by making similar tariff reductions itself.
◦ Any trade concession that a country makes to one member must be granted to all signatories.
◦ WTO-sanctioned retaliatory action is permitted in response to unfair barriers to trade.
◦ All the above
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by silviawilliams41 on May 25, 2020

yifu223

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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silviawilliams41

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

sailorcrescent

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Reply 3 on: Yesterday
:D TYSM

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