Describe World Trade Organization
Describe World Trade Organization (WTO)?
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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.
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Perfect competition is characterized by all of the following except w) heavy advertising by individual sellers. x) homogeneous products. y) sellers are price takers. z) a horizontal demand curve for individual sellers. Q : Marketing in action Which of the Which of the following are examples of public goods?
Which of the following are examples of public goods?
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