Developing countries have identified which key issues as important to them in current trade talks?
What will be an ideal response?
The costs and benefits to them of implementing the commitments they made in the Uruguay Round; access to life-saving medicines under the terms of TRIPS is a problem; industrialized countries' protection of sectors such as agriculture, clothing and textiles, that are important to developing countries.
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The natural rate of unemployment is defined as the unemployment rate that exists in the absence of:
a. structural unemployment. b. frictional unemployment. c. cyclical unemployment. d. seasonal unemployment. e. inflation.
GDP tends to underestimate the productive activity in the economy because it excludes the value of output from:
A. Public transfer payments to households B. The consumption of fixed capital C. The underground economy D. Intermediate goods