If Exports Are Being Excluded Unfairly from a Market,the World

question 51

Multiple Choice

If exports are being excluded unfairly from a market,the World Trade Organization (WTO) may authorize

• A)Quotas.
• B)Retaliatory tariffs.
• C)Other nontariff barriers.
• D)Retaliatory comparative advantages.

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Definitions:

Deductibles

Deductibles are the amount paid out of pocket by the policyholder before an insurance provider pays any expenses.

Moral Hazard

The risk that one party to a contract can change their behavior to the detriment of the other party once the contract has been executed.

Asymmetric Information

A situation where one party in a transaction has more or superior information compared to another.

Defective

Pertaining to a product or thing having flaws, faults, or imperfections.