The purpose of the World Trade Organization (WTO) is to
A) Enforce the rules of free trade.
B) Protect workers from foreign competition.
C) Protect producers from foreign competition.
D) Ensure that there are no losers as a result of free trade.
Correct Answer:
Verified
Q105: The General Agreement on Tariffs and Trade
Q106: When quotas are eliminated,losers include
A)There are no
Q107: An agreement to reduce the volume of
Q108: When tariffs are imposed,the losers include
A)Domestic consumers
Q109: A tax imposed on imported goods is
A)A
Q111: A quota is
A)A limit on the quantity
Q112: Quotas are a greater threat to competition
Q113: What should happen to the equilibrium price
Q114: Overall NAFTA has resulted in
A)Massive unemployment and
Q115: A principal objective of the World Trade
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