In 2003, the WTO ruled that U.S. tariffs on ________ were unfair and allowed retaliatory tariffs on U.S. products.

Trade

A. allows a person to consume at a point outside his production possibilities frontier. B. limits a person's ability to produce goods and services on her own. C. must benefit both traders equally. D. is based on absolute advantage.

Critics of debt relief make all of the following arguments EXCEPT

A) it would be wasted money since the conditions that caused the debt would be likely to persist. B) countries with large foreign debts are poorly administered. C) debt relief can quickly fuel a new round of borrowing that simply restores debt to prior levels. D) debt relief will encourage other nations to borrow excessively with the hope that their debts may be forgiven in the future. E) the cost of debt relief to the most severely indebted countries is too large for the high income countries to afford.