Asked by abdulbaset charsi on Jul 17, 2024
Verified
A World Trade Organization (WTO) member country must offer to all other member countries:
A) common market guarantees.
B) the same trade concessions.
C) the same basket of commodities.
D) import substitutions.
E) the same resources with equal efficiency.
World Trade Organization
An international organization that regulates trade between nations, aiming to ensure trade flows as smoothly, predictably, and freely as possible.
Trade Concessions
Agreements or compromises in international trade where one country offers reductions in tariffs or other trade barriers to another country, often to foster better relations or gain economic benefits.
Member Country
A country that is part of a larger group or organization, such as the United Nations, the European Union, or any other international coalition with specific membership criteria.
- Comprehend the functions and goals of global trade organizations and accords in promoting international commerce.
Verified Answer
Learning Objectives
- Comprehend the functions and goals of global trade organizations and accords in promoting international commerce.
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