What is the role of the World Trade Organization, and what have been some of the challenges to this role?
What will be an ideal response?
The World Trade Organization (WTO) was formed in 1993 because of globalization and economic issues laid out by the GATT (General Agreement on Tariffs and Trade). It is supposed to enforce trade rules between nations, but the wealthy nations have been able to dominate. Its power comes by imposing stiff trade penalties on noncomplying countries. They have established a reputation for elevating free trade over substantial human rights and environmental resource concerns. In other words, they are sometimes supporting free trade over fair trade. There are incidences of the WTO supporting the economy over the environment, such as when they ruled against the turtle-safe shrimp law of the United States. Over the years, outside protests and conflicts between developed and developing countries have brought the talks to a halt without reaching any consensus. One of the issues is that developed countries subsidize their agricultural products and therefore developing countries want to impose tariffs to make their own products more competitive. As a result, the goal of free trade and a global economy is yet to be achieved.
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The economic activities not a part of the official record and that take place outside official systems of regulation or remuneration make up the ________ sector of the economy and tend to be an important part of urban economic life around the world
A) informal B) underground C) black market D) market
All of the following is true regarding the flow of air aloft in the midlatitudes except
A) west to east flow. B) east to west flow. C) wind speed aloft is greater than wind speed at the surface. D) circulation is restricted to the troposphere.
A parcel of air at the surface is heated, which expands the air and increases the parcel's volume. If the same number of air molecules occupy the greater volume, density decreases. The increase in volume results in lower pressure. What will happen to the air surrounding this parcel?
A) More dense air rises at the surface. B) Less dense air sinks at the surface. C) Less dense air flows in to replace the rising air. D) Denser air flows in to replace the rising air.
Water scarcity occurs when
A. Populations are evenly dispersed. B. Renewable water supplies are slow to diminish. C. Renewable water supplies are slow to recover. D. The demand for water exceeds the available amount or when poor quality restricts its use.