One of the primary objectives of the WTO is:
a. to create trade restrictions across the countries.
b. to reduce trade barriers created by the different countries.
c. to enable certain countries to maintain their autarkic conditions.
d. to enable the western countries to emerge as major players in the international trade.
e. to redistribute wealth from the first world to the third world countries.
b
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Your textbook asserts that the federal government's $787 billion stimulus plan, launched in 2009,
A) failed to stimulate the economy out of the Great Recession. B) was followed by growing unemployment. C) stifled the corrective process of the previous cluster of errors during the housing bubble. D) favored well-organized interests. E) led to all of the above.
Consider the cash/spot and futures corn market transactions above. What are gross gains disregarding broker commissions and storage costs?
A. 10 cents per bushel B. 20 cents per bushel C. 30 cents per bushel D. Loss of 20 cents per bushel