Violent protests against the WTO meeting in Seattle reflected popular concerns over
A. the consequences of globalization.
B. high tariffs.
C. the lack of exports.
D. the 2000 Presidential election outcome.
Answer: A
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In the 1930s, the United States charged an average tariff rate ________. Today, the rate is ________
A) of 17 percent; 33 percent B) of less than 10 percent; over 40 percent C) of 100 percent; 20 percent D) above 50 percent; less than 1.5 percent
The new GATS and TRIPS are separate agreements negotiated within the WTO framework as part of the Uruguay Round that apply to
A) services and aircraft. B) services and transportation. C) agriculture and textiles. D) services and intellectual property. E) textiles and transportation.
What are the three categories of transactions in the balance of payments? Give an example of each
One effect of a minimum wage in the market for low-skilled labor is
A. no effect in the market for low-skilled labor. B. an increase in demand for low-skilled labor. C. a surplus of low-skilled labor. D. a shortage of low-skilled labor.