Which of the following rule/s is/are WTO’s responsibilities? * a)All Rules regarding trade finance b)International Trade Law c)All Rules regarding Freight Forwarding d)Tariff and Trade Agreements e)Both b and d
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Economics
Which of the following rule/s is/are WTO’s responsibilities? *
a)All Rules regarding trade finance
b)International Trade Law
c)All Rules regarding Freight Forwarding
d)Tariff and Trade Agreements
e)Both b and d
Step by step
Solved in 2 steps
- Occasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Explain why such a statement is economically impossible.Trade has income distribution effects. For example, suppose that because of a government-negotiated reduction in trade barriers, trade between Germany and the Czech Republic increases. Germany sells house paint to the Czech Republic. The Czech Republic sells alarm clocks to Germany. Would you expect this pattern of trade to increase or decrease jobs and wages in the paint industry in Germany? The alarm clock industry in Germany? The paint industry in Czech Republic? The alarm clock industry in Czech Republic? What has to happen for there to be no increase in total unemployment in both countries?In the attached diagram, which points represent the production specialization point and the trade solution point respectively in that order for the Foreign country? Candies 2000 1800 1600 1200 100 100 400 300 Teys O a. Point U and point G Ob. Point L and point G O. Point U and point R Od. Point Land point B Oe. Point G and point B
- 00 R Which producer would MOST likely be harmed from free trade? O domestic manufacturers that compete against foreign imports domestic manufacturers that use a lot of imported raw materials O domestic manufacturers that face no foreign competitors O domestic manufacturers that produce goods primarily for export 0 Unit 7 - Chapter 1.xlsx O Topic 2 (2).docx Topic 2 (1).docx Unit 7- Chapter 1.xlsx 73°F ins prt sc delete f8 LL 6) 144 I14 & backspace 7. D. 39 K. 7. sned W N 8Explain what world trade means. What is the role ofthe Wto and economic communities in encouragingfree trade? What is the role of the World Bank and theInternational Monetary Fund in global trade? What isprotectionism? Explain import quotas, embargoes, andtariffs. Describe theories that explain national trade patterns. b. Does any of the theories apply to Walmart? c. Does Walmart's host country and/or home country have WTO membership? d. Is WTO membership of the host and/or home country important? Explain briefly. Please answer these questions that correlate to Walmart. please answer correctly ansd completely
- Which of the following is not a part of the WTO's stance on trade ? a . Freer import policy for the cleanest foreign country must be matched by freedom of imports for polluter countries . b . Any trade barrier that reduces greenhouse - gas emissions is permissible c. Tariffs that are implemented to conserve natural resources must not be used merely to shut out foreign goods . d . Any tax on imports must not exceed that on import competing products. .Why is the US a member of the North Atlantic Treaty Organization (NATO)? O to reduce barriers to intermational trade O to participate in a mutual defense alliance 1O to share medical technology with friendly countries O to strengthen international environmental laws glish Support | Schoology Blog e here to searchAssume, for Vietnam, that the domestic price of textiles without international trade is lower than the world price of textiles. This suggests that, in the production of textiles, O Vietnam has a comparative advantage over other countries and Vietnam will export textiles. O other countries have a comparative advantage over Vietnam and Vietnam will export textiles. O other countries have a comparative advantage over Vietnam and Vietnam will import textiles. O Vietnam has a comparative advantage over other countries and Vietnam will import textiles. MacBook A esc D00 FA F1 F2 F3 FS % 4 Q W E R T tab I A S D F G s lock
- The policies are other than tariffs which restrict the volume of international trade Such policies areknown as non-tariff barriers to trade and include such practices as import quotas, orderly marketingagreements, domestic content requirements, subsidies, antidumping regulations, discriminatorygovernment procurement practices, social regulations, and sea transport and freight restrictions. It isnoted that quotas and tariffs have many of the same economic effects; however, quotas tend to bemore restrictive. Special attention is given to the revenue effect of an import quota, which may becaptured by domestic importers, foreign exporters, or the domestic government. Differentiatebetween an import subsidy and an export subsidyQuestion 19 Identify the following in the attached graph after the country opens to world trade and the world price is Pw2: Quantity produced domestically (numerical value) is [x3] Sdomestic A Po= 10 G MI N Pw28. K] Daomestie Q1=25 Q0 = 50 Q2=75 Question 20 Identify the following in the attached graph after the country opens to world trade and the world price is Pw2: Total cost of imports [x6]. Calculate the numerical value. Sdomestic A Po= 10 M! N Pw2=8 Deomestie Q1-25 Q0 = 50 Q2=75 QQUESTIONS : D. Would you agree if the UK imposed import protection for wheat and corn to protect domestic wheat and corn farmers? Give reasons and basis for your argument. What are the negative and positive impacts that will be faced by the UK when implementing this protection policy (Give at least 5 answers for each positive & negative impact). POINT D ANSWER : Would defeinetly not go with the idea and not accept the trade proctectionsim, as it of more harm than good. Reasons are as follow: -The restricted options of customers and paying more for products and services. A main consequence of trade protectionism would be that, as there can be limits on how much can be imported, buyers may have a restricted variety of products and services. Shoppers would have a very limited option as to the amount, standard and form of product that might otherwise be available to them without competitive protection due to these quotas. -Exchange rate caps have induced long-term inflation because…
