What is the "most favored nation" principle of the WTO?
a. Trading partners may choose a favorite nation to trade with.
b. Any nation can refuse to trade with another that is not its most favored nation.
c. The WTO has the right to choose the nation that has performed best within the WTO guidelines as its most favored nation.
d. Every nation must grant the same rights and treatment to other nations in the WTO as its "most favored nation."
Ans: d. Every nation must grant the same rights and treatment to other nations in the WTO as its "most favored nation."
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The process by which simultaneous withdrawals by a particular bank's depositors results in the bank closing is known as a
A) contagion. B) bank run. C) financial crisis. D) bank panic.
In profit centers
a. Managers are easy to evaluate because there is a simple metric of how well they performed b. Managers typically do not have the information to run their division efficiently c. Managers' decisions rarely affect other divisions d. Managers typically do not have the incentives to run their division efficiently