One of the major issues that arose during the Doha round of negotiations involved complaints by ________ about ________
A) developing countries; agricultural subsidies.
B) manufacturers; intellectual property
C) industrialized countries; enforcement of contracts
D) Eastern European countries; European Union tariffs
E) South and Central American countries; domestic content requirements
A
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Assuming all else equal, if ________, net exports are positive
A) exports exceed transfer payment B) imports exceed exports C) imports exceed transfer payments D) exports exceed imports Lawland imports cell phones worth $1,000 billion, and exports coffee worth $820 billion in a year.
Refer to the scenario above. If India pegs the exchange rate at 70 rupees per dollar, it will require ________ rupees to repay the loan in dollars
A) 700,000 B) 70 C) 70,000 D) 7,000
If a small country imposes a tariff, then
A) the producers must suffer a loss. B) the consumers must suffer a loss. C) the government revenue must suffer a loss. D) the demand curve must shift to the left. E) the world price on that item will shift.
Firms may reasonably decide to cut prices if
A. profits are not likely to decline. B. marginal profit is not negative. C. MR > MC. D. All of the responses are correct.