What is the "most favored nation) principle of the wto?
a) it means that trading partners may choose a favorite nation to trade with
b) it means that any nation can refuse to trade with another that is not its most favored nation
c) it means that the WTO has the right to choose the nation that has performed best within the WTO guidelines as its most favored nation
d) it means that every nation must grant the same rights and treatment to other nations in the WTO as its most favored nation
Answer: d) it means that every nation must grant the same rights and treatment to other nations in the WTO as its most favored nation
You might also like to view...
A household's consumption choices cannot exceed limits created by
A) only the household's income. B) only the prices of the goods and services that it buys. C) both the household's income and the prices of the goods and services that it buys. D) neither the household's income nor the prices of the goods and services that it buys.
Industrial growth and location changed while manufacturing employment rose in the Sun Belt and fell in the Frost Belt
This growth and relocation were primarily due to the relocation of plants, functions and people moving from the Frost Belt to the Sun Belt. Indicate whether the statement is true or false