The WTO Seems at Times to Be Interfering in Domestic

question 3

Multiple Choice

The WTO seems at times to be interfering in domestic policy since

• A) the line between domestic policies and de factor protectionism is often fuzzy.
• B) it is a supra-national organization with the power to overturn governments.
• C) it determines which nations may trade what with whom.
• D) it punishes naughty nations.
• E) it exempts the U.S. and other powerful member nations from many of its edicts.

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Definitions:

Deficit

A deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets.

Current Expenditures

Spending by the government or an organization on short-term items that are consumed within the fiscal year, such as wages, utilities, and supplies.

Future Generations

Future generations refer to the people who will live at some point in the future, and whose well-being is considered in discussions about sustainability and long-term environmental policies.

Inflation Rate

The percentage increase in the price level of goods and services over a period of time, typically measured on an annual basis.