Homework Answers
64.True,
GATT which is also called general agreement on tariffs and trade was founded in the year of 1947 with only 23members .
it was first come into picture during United Nation Conference on Trade and employment
WTO that is world trade organisation which come after the replacement of GATT was signed by 127 Nations on the year of 1994
65.True.
The general agreement on trade and tariff was originated from Britain wood conference after world War 2 .
It is replaced by World Trade Organisation in the year 1994 because of too many consequences.
After the final Uruguay round the GATT converted into World Trade Organisation
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64. GATT had only 23 countries when it was founded in 1947; now the WTO has...
20 When the US makes an agreement for the protection of firms' asets with China thi agreement is: a. A multilateral agreement b. A bilateral agreement c. An agreement reached by the WTO d. An...
20 When the US makes an agreement for the protection of firms' asets with China thi agreement is: a. A multilateral agreement b. A bilateral agreement c. An agreement reached by the WTO d. An agreement that protects the assets of US MNEs in NAFTA The internet and cloud computing represents a challenge to national legal systems because a. They obscure the location of economic activity for legal purposes b. Citizens love them too much c. They were not included...
Please indicate true or false next to each statement (only one of them is true) 13....
Please indicate true or false next to each statement (only one of
them is true)
13. The following statements are based on historical evidence about globalisation: In the late 19th century the correlation between tariffs and economic growth across relatively countries, s their firms to compete in international markets had high growth rates. After they reduced their tariffs in the early 1990s, Latin American countries had lower rates of economic growth than between 1945 and 1980 when they were more...
19 and 24 please 19. Two main threats to regional economic integration are A. the within-group...
19 and 24 please
19. Two main threats to regional economic integration are A. the within-group business environment will become more competitive; firms outside the trading bloc are effectively locked-out of the single market. B. the costs of doing business outweigh benefits; concerns over sabotage exist. C. the growth of mergers within the single market; concerns over national sovereignty D. MNEs are exerting huge power, concerns over the Euro currency 20. The least integrated or shallowest form of economic integration...
Just solve question number 19 & 25 please 19. Two main threats to regional economic integration...
Just solve question number 19 & 25 please
19. Two main threats to regional economic integration are A. the within-group business environment will become more competitive; firms outside the trading bloc are effectively locked-out of the single market. B. the costs of doing business outweigh benefits; concerns over sabotage exist. C. the growth of mergers within the single market; concerns over national sovereignty D. MNEs are exerting huge power, concerns over the Euro currency 20. The least integrated or shallowest...
Please solve the final answer for all following 10 multiple choice questions When countries join together...
Please solve the final answer for all following 10 multiple choice questions When countries join together to form a trade bloc with special relationships among the members, it is called O Association of countries O Group of countries O Preferential trade arrangement O Union of countries There are different forms of Preferential Trade Agreement (PTA) around the world. The Economic and Monetary Union type of PTA is found in: O Southern Asia O Western Europe O The GCC O The...
Please solve the final answer for all following 10 multiple choice questions A form of PTA...
Please solve the final answer for all following 10 multiple choice questions A form of PTA (Preferential Trade agreement) where member countries remove trade barriers among themselves, and form common barriers among non-members: O Free Trade Area (FTA) O Customs Union (CU) O Common Market (XM) O Economic Union (EU) O All of the above The exchange rate of Euro to US dollar (/$) yesterday was 1/$1.13728. Last week the rate was 1/ $1.37258. Which one is true comparing this...
4. Specialization and trade When a country has a comparative advantage in the production of a...
4. Specialization and trade When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. Then the country will specialize in the production of this good and trade it for other goods The following graphs show the production possibilities frontiers (PPFs) for Candonia and Lamponia. Both countries produce lemons and coffee, each initially (i.e., before specialization and trade) producing 24 million...
Lincoln Electric was founded by John C. Lincoln in 1895. For decades the com pany had...
Lincoln Electric was founded by John C. Lincoln in 1895. For decades the com pany had been one of the leading manufacturers of arc welding products in the world. At the end of World War II, more than fifty manufacturers of arc welding products competed in the United States; today only six major manufacturers to main. The vast majority, including such giants as General Electric and Westinghouse, withdrew from the business, primarily because they could not compete with Lincoln Electric....
51. Business markets in the Arab Gulf differ from business markets in other developing countries because:...
51. Business markets in the Arab Gulf differ from business markets in other developing countries because: a. Labor is relatively expensive b. Islam discourages labor-intensive technology c. Islam discourages capital-intensive technologies d. There are still high tariffs on imported capital goods 52. Global account management evolved partially as a response to: a. Differences in cross-cultural behavior of industrial buyers b. The opening of government bidders c. Centralized purchasing by major companies d. Global consumer segments 53. Which IS NOT a...
Consider a hypothetical world consisting of only three countries: Liechtenstein, Canada, and France. Each country...
Consider a hypothetical world consisting of only three countries: Liechtenstein, Canada, and France. Each country produces grain. Liechtenstein is a small economy compared to Canada and France and thus cannot influence foreign prices. On the following graph, the supply and demand schedules of Liechtenstein are shown as Such and Dich. Foreign supply schedules of grain are perfectly elastic: Canada is a more efficient supplier of grain than France because its supply price is $0.80 per bushel (Scu), whereas France's supply...
20 When the US makes an agreement for the protection of firms' asets with China thi agreement is: a. A multilateral agreement b. A bilateral agreement c. An agreement reached by the WTO d. An agreement that protects the assets of US MNEs in NAFTA The internet and cloud computing represents a challenge to national legal systems because a. They obscure the location of economic activity for legal purposes b. Citizens love them too much c. They were not included...
Please indicate true or false next to each statement (only one of
them is true)
13. The following statements are based on historical evidence about globalisation: In the late 19th century the correlation between tariffs and economic growth across relatively countries, s their firms to compete in international markets had high growth rates. After they reduced their tariffs in the early 1990s, Latin American countries had lower rates of economic growth than between 1945 and 1980 when they were more...
19 and 24 please
19. Two main threats to regional economic integration are A. the within-group business environment will become more competitive; firms outside the trading bloc are effectively locked-out of the single market. B. the costs of doing business outweigh benefits; concerns over sabotage exist. C. the growth of mergers within the single market; concerns over national sovereignty D. MNEs are exerting huge power, concerns over the Euro currency 20. The least integrated or shallowest form of economic integration...
Just solve question number 19 & 25 please
19. Two main threats to regional economic integration are A. the within-group business environment will become more competitive; firms outside the trading bloc are effectively locked-out of the single market. B. the costs of doing business outweigh benefits; concerns over sabotage exist. C. the growth of mergers within the single market; concerns over national sovereignty D. MNEs are exerting huge power, concerns over the Euro currency 20. The least integrated or shallowest...
4. Specialization and trade When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. Then the country will specialize in the production of this good and trade it for other goods The following graphs show the production possibilities frontiers (PPFs) for Candonia and Lamponia. Both countries produce lemons and coffee, each initially (i.e., before specialization and trade) producing 24 million...
Lincoln Electric was founded by John C. Lincoln in 1895. For decades the com pany had been one of the leading manufacturers of arc welding products in the world. At the end of World War II, more than fifty manufacturers of arc welding products competed in the United States; today only six major manufacturers to main. The vast majority, including such giants as General Electric and Westinghouse, withdrew from the business, primarily because they could not compete with Lincoln Electric....
Consider a hypothetical world consisting of only three countries: Liechtenstein, Canada, and France. Each country produces grain. Liechtenstein is a small economy compared to Canada and France and thus cannot influence foreign prices. On the following graph, the supply and demand schedules of Liechtenstein are shown as Such and Dich. Foreign supply schedules of grain are perfectly elastic: Canada is a more efficient supplier of grain than France because its supply price is $0.80 per bushel (Scu), whereas France's supply...
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