As per WTO rules, can the U.S. require cars from Germany to limit the amount of emissions that these cars release into the atmosphere?
What will be an ideal response?
Yes, under current WTO rules, a country can adopt any environmental standard it chooses, as long as it does not discriminate against foreign producers by applying its environmental standards on other countries. In the case of cars, the U.S. can require foreign cars to have a limit on its emissions, provided that the rule applies to all cars, foreign and domestic.
You might also like to view...
If the GDP deflator is less than 100 in 2013, then nominal GDP ________ real GDP in 2013
A) is less than B) is greater than C) is equal to D) may be greater than or less than
If managers do not choose to maximize profit, but pursue some other goal such as revenue maximization or growth,
A) they are more likely to become takeover targets of profit-maximizing firms. B) they are less likely to be replaced by stockholders. C) they are less likely to be replaced by the board of directors. D) they are more likely to have higher profit than if they had pursued that policy explicitly. E) their companies are more likely to survive in the long run.
Externalities can be difficult to detect in open economies.
A. True B. False C. Uncertain
(amounts in billions of dollars)
According to the above table, Gross Domestic Product as calculated by the expenditure approach is
A. $13,384 billion. B. $13,617 billion. C. $13,278 billion. D. $14,337 billion.