What is the "most favored nation) principle of the wto?
a) it means that trading partners may choose a favorite nation to trade with
b) it means that any nation can refuse to trade with another that is not its most favored nation
c) it means that the WTO has the right to choose the nation that has performed best within the WTO guidelines as its most favored nation
d) it means that every nation must grant the same rights and treatment to other nations in the WTO as its most favored nation
Answer: d) it means that every nation must grant the same rights and treatment to other nations in the WTO as its most favored nation
You might also like to view...
Actual expenditure is to planned expenditure as ________ is to ________
A) desire; accomplishment B) aggregate demand; aggregate supply C) output; income D) observed; theoretical E) fluctuation; equilibrium
Capital expenditures:
a. are easily reversible b. are forms of operating expenditures c. Affect long-run future profitability d. Involve only money, not machinery e. none of the above
The things that must be forgone to acquire a good are called
a. implicit costs. b. opportunity costs. c. explicit costs. d. accounting costs.
Purchasing long-term government bonds from private financial corporations for the purpose of changing the quality of assets held by the Fed is called:
A. operation twist. B. quantitative easing. C. credit easing. D. precommitment policy.