Most favored nation status requires:
a. a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other WTO members.
b. a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other countries.
c. a WTO member that increases a tariff on imports from one WTO trading partner to raise the tariff on imports from all other WTO members.
d. a WTO member that increases a tariff on imports from one WTO trading partner to raise the tariff on imports from all other countries.
Ans: a. a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other WTO members.
You might also like to view...
Unit root tests
A) use the standard normal distribution since they are based on the t-statistic. B) cannot use the standard normal distribution for statistical inference. As a result the ADF statistic has its own special table of critical values. C) can use the standard normal distribution only when testing that the level variable is stationary, but not the difference variable. D) can use the standard normal distribution but only if HAC standard errors were computed.
Which of the following statements is true?
a. If the income elasticity of demand is less than zero, the good is an inferior good. b. Only if the demand curve is vertical will sellers raise the price by the full amount of a tax. c. Two goods are substitutes if the cross-elasticity of demand coefficient is positive. d. A price elasticity of supply coefficient equal to 1.5 means the product exhibits an elastic supply and a 10 percent increase in the price will increase the quantity supplied by 15 percent. e. All of these.
Other things remaining unchanged, a decline in imports is associated with an increase in gross domestic product
a. True b. False Indicate whether the statement is true or false
If a price floor is set below the equilibrium price,
A. there will be a surplus. B. the floor will be ineffective. C. quantity demanded will be less than quantity supplied. D. there will be a shortage.