The most difficult negotiations under the WTO relates to the agricultural sector. Why? Explain in 3000 word if that reflects on prices of food and agricultural products.

Q: What are the main obstacles for the further formulation and specification of trade policy programmes…

A: Introduction- One of the targets of the activity is to get "extra, unsurprising, manageable and…

Q: Which of the following statements is(are) FALSE? I. Trade creation is always bad for countries II.…

A: A regional trade agreement is an arrangement between two or more countries to encourage free trade…

Q: Why is tariff preferred to quota if protectionist policies are unavoidable. Critically evaluate.

A: The duty imposed on importation and exportation within independent nations is a tariff. It is a…

Q: How do you think countries can solve the problem on exportation, particularly on medical products,…

A: Exportation refers to the act of sending goods and services out of the country. A rise in the…

Q: Unequal distribution of resources is one of the main reasons for international trade. True False

A: The unequal distribution of resources is one major reason for international trade.

Q: What does import quotas and local content requirement mean for importing economies? What does it…

A: Answer in below step

Q: What are two reasons why the Caribbean Single Market and Economy (CSME) should not be removed.

A: Caribbean Single Market and Economy (CSME) is the agreement between State members of the Caribbean…

Q: What are the four unresolved issues in international trade negotiations at WTO?

A: WTO: It deals with the global rules of trade between nations.

Q: What are the roles of WTO? Elaborate each role.

A: WTO refers to World Trade Organisation. It is an international organization dealing with rural trade…

Q: The WTO discourages the use of quotas because they are:

A: World trade organization is the international organization which deals with the rules and…

Q: When one country joins a free trade area with a common external tariff, it causes: a. Trade…

A: When talking about free trade aggreement, it is the contract between two or more countries to allow…

Q: What area represents the loss of producer's surplus after free international trade? A. CHGF B. AEG…

A: From the given diagram, Pre-trade :- Domestic price = H Consumer surplus = area of ∆ACH Producer…

Q: better for consumers?

A: Answer Import substitution industrialization is associated economic conception that's typically…

Q: Name the institutions that can be seen as a support mechanisms of trade. What are their services and…

A: The first step is recognizing when institutional inadequacies are to blame for problems in…

Q: Do you think  that WTO  can ensures strict health and safety regulations are not being used as an…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Discuss the relevance of the World Trade Organisation (WTO) in 2020.

A: WTO is an organization to promote trade between countries and also to the intermediate trade dispute…

Q: Explain why governments try to enhance and restrict trade. Help me answer this please, thank you

A: Trade is desirable for consumers because it allows consumers to have a greater variety of products…

Q: How do policies of consuming nations impact the potential exporting-country responses?

A: The policies of the importing countries which impact the potential exporting country responses are:…

Q: What is the relation of  General Agreement in Tariffs and Trade to World Trade Organization?

A: On January 1, 1948, the GATT came into effect. 2 It has been improved since then, culminating in the…

Q: Explain: “Free-trade zones such as the EU and NAFTA lead a double life: They can promote free trade…

A: Free enterprise zones typically contribute to the removal of trade stays within the region, thus…

Q: A German worker takes 400 hours to produce a carand 2 hours to produce a case of wine. A…

A: a. Gains from trade are based on the comparative advantage, which is based on opportunity cost. To…

Q: If Malaysia wishes to trade 10 tons of rubber with Japan in exchange for radios, what is the lowest…

A: International trade refers to the exchange or trade of goods and services between nations. The…

Q: Can food security include the importation of food? a. Yes, if the population is willing to pay…

A: Food security, as defined by the United Nations’ Committee on World Food Security, means that all…

Q: Since each country's economy is independent from it's neighbors, global trade is strictly an…

A: it is correct to say that each country is independent of its neighbor countries to make its own…

Q: which of the following is not a reason for restricting trade? a. Saving domestic jobs b. Preventing…

A: Trade is restricted to save domestic jobs,because imports decrease sales of domestic industries.…

Q: Explain how free trade improves global efficiency. Thank you...

A: The free trade would result in the exchange of various goods and services between one or more…

Q: What is the main argument against international trade restrictions?

A: International trade restrictions create problems for the exporting countries.

Q: Evaluate the following statements: a.   Developed countries have nothing to gain by trading with…

A: Developed country: A developed country is defined as a county that is a more industrialized country.…

Q: Describe the main allocative and distributional effects of tariffs. Who benefits who is harmed? What…

A: Allocative and distributional effects of tariffs The tariff causes a redistribution of income or…

Q: why the production subsidy does not change world prices, but the export subsidy can do?

A: By partially compensating production costs or losses, a production subsidy motivates suppliers to…

Q: Suppose Anguilla and Barbuda intend to trade 250 bananas (B) for 300 cocoa beans (C). In Anguilla,…

A: Hi, according to our guidelines we are allowed to answer only upto three subdivisions of a question…

Q: What is the mercantilist views to international trade?

A: Mercantilism is a system that lasted from 16th to 18th century in trade. The whole idea was that the…

Q: The following are the neo-liberal economic policies promoted by World Bank and IMF. Which is NOT? A.…

A: Established at the Bretton Woods gathering in 1944, the two foundations have complementary missions.…

Q: Define WTO. In what ways do you think the WTO is still essential to global trade? Discuss how a…

A: The World Commerce Body (WTO) is an intergovernmental organisation that regulates and supports…