Describe World Trade Organization
Describe World Trade Organization (WTO)?
Expert
1. The Uruguay Round of the GATT established the WTO as the GATT’s successor.
2. The WTO oversees trade agreements and rules on trade disputes.
3. Critics of the WTO are concerned that the rules crafted to expand trade and investment enables firms to circumvent national laws that protect workers and the environment.
4. Proponents argue promotion of free trade will raise output and incomes and that the higher standards of living will likely result in more protections for workers and the environment.
Economic efficiency for society needs which the: (i) opportunity costs of all goods be at their lowest possible values. (ii) maximum probable benefits are acquired for given costs. (iii) greatest possible net benefits are squeezed through available re
What is the most important source of revenue and the major type of expenditure at the local level?
Explain how government might manipulate its expenditures and tax revenues to reduce rate of inflation?
Use the circular flow model to confirm this assertion for $50 million increase in spending for space research?
Explain increased global competition?
Suppose you go to a recycling center and are paid 25 cents per pound for your aluminum cans. However, the recycler charges you $.20 per bundle to accept your old newspapers.
Explain the statements: The market system provides such a variety of desired goods and services precisely.
Describe three ways to finance corporate activity. Make a case that stocks are more risky for the financial investor than are bonds?
Why Trade barriers hurt American consumers?
“The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.” Do you agree?
18,76,764
1952901 Asked
3,689
Active Tutors
1441602
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!