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

question 10

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.

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Definitions:

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, and water bodies.

Rate Of Population Increase

The rate at which a population grows or declines, considering factors like birth rates, death rates, immigration, and emigration.

Standard Of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.