QUESTION 3 The 1928 Pact of Paris (the Kellogg-Briand Pact) a. unequivocally banned all wars, whether offensive or defensive, declared or undeclared b. provided severe economic penalties for violators C. was overwhelmingly ratified by the U.S. Senate d. preserved the peace for decades
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- COUNTRY COFFEE TEA Jamaica 10 5 United States ofAmerica 50 20 A. Which country has the absolute advantage in the production of both goods? B. Which has the comparative advantage in the production of both goods? C. Protectionist policies are beneficial to all countries of the world therefore all countriesshould ensure that such policies are instituted.Assess the validity of this statement.1. in the 1919 the red scare in the United States led to government raids that uncovered large caches of weapons a.true b false 2. under the "Roosevelt corollary " the US a. agreed to abstain from interfering in the internal affairs of the Caribbean nations b declared the Canal Zone open to all nations c. established a system of mutual financial and commercial obligations with panama d. justified intervention in the internal affairs of Caribbean countriesExplain: a) Mercantilism b) Heckscher-Ohlin c) National Competitive advantage
- The trading possibilities for two nations, Portugal and Italy are given below. Assume that prior to specialization and trade Italy is at position C and Portugal is at position C. A B C D E F Italy Loaves 30 24 18 10 6 0 Fishes 0 6 12 18 24 30 A B C D E F Portugal Loaves 10 8 6 4 2 0 Fishes 0 4 8 12 18 20 Before specialization, the cost ratio, loaves per fishes in Italy isWhich nations form the Andean Community (formerly known as the Andean Pact)? Question 10 options: A) Bolivia, Columbia, Venezuela, Peru B) Bolivia, Venezuela, Ecuador, Peru C) Bolivia, Columbia, Ecuador, Peru D) Bolivia, Columbia, Ecuador, VenezuelaWhat factors does Paul Krugman identity that supported expanding international trade in the 1800s?
- What are the conditions under which a country may use the unsafe products argument to block imports?In principle, the benefits of international trade to a country exceed the costs, no matter whether the country is importing or exporting. In practice, it is not always possible to compensate the losers in a country, for example, workers who lose their jobs due to foreign imports. In your opinion, does that mean that trade should be inhibited to prevent the losses?It required WTO members to issue and enforce patents and copyrights for at least 20 years and 50 years, respectively. S3: It gave affluent countries five years to comply with its intellectual property regulations. S4: It granted amnesty from compliance with its intellectual property protection standards to the world's poorest countries. group of choices: © Both Statement 3 & Statement 4 © Statement 2 only O Both Statement 2 & Statement 4 © Statement 3 only
- Choose then discuss in details and in your own English, i.e. DO NOT COPY from the textbook 1. The WTO Dispute Settlement procedures. 2. WTO principles of nondiscrimination: Unconditional Most-Favored-Nation (MFN) Trade, and National Treatment. 3. What are essential elements of international sale contract? 4. Advantages of Arbitration and Mediation vs. Litigation in resolving international commercial disputes. 5. Discuss safeguard measures under GATT/WTO agreements. 6. Discuss challenges/risks of international businessExplain how the oil producing countries can enforce an agreement between them to maintain a commonly desired level of production. Explain this concept with a graph and explicit it. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.A small country’s demand curve is given by Q=36-2P and its supply curve is given by Q=4P-12. Assume the world is currently in free trade and that the price under free trade is $4. What is the prohibitive specific import tariff for this economy (i.e. the tariff that would reduce net exports to zero)? Group of answer choice a.6 b.5 c.4 d.8