Answer the following statements true (T) or false (F)

1. The issue is not so much whether globalization will pressure low-income countries to reduce their environmental standards, but instead whether the threat of blocking international trade can pressure these countries into adopting stronger standards.
2. Environmental protection is vital to two industries of key importance in many low-income countries—agriculture and tourism.
3. Few nations belong to both the World Trade Organization and regional trading agreements.
4. The disruption caused by international trade is fundamentally different from all the other disruptions caused by the other workings of a market economy.

1. True
This statement is true. The issue is not so much whether globalization will pressure low-income countries to reduce their environmental standards, but instead whether the threat of blocking international trade can pressure these countries into adopting stronger standards.
2. True
This statement is true. Environmental protection is vital to two industries of key importance in many low-income countries—agriculture and tourism.
3. False
This statement is false. Many nations belong to both the World Trade Organization and regional trading agreements.
4. False
This statement is false. The disruption caused by international trade is not fundamentally different from all the other disruptions caused by the other workings of a market economy.