Agricultural Subsidies Are Particularly Controversial Because,although They Protect the Interests

question 92

Multiple Choice

Agricultural subsidies are particularly controversial because,although they protect the interests of farmers in some countries,they work to the detriment of farmers in countries such as:

• A)Singapore.
• B)the United States.
• C)India.
• D)Switzerland.
• E)Japan.

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Definitions:

Globalization Of Markets

The process of integrating and interacting of different national markets into a single global marketplace, often leading to increased economic interdependence.

Trade Laws

Regulations governing how countries conduct trade with each other, including import and export laws, tariffs, and trade agreements.

World Trade Organization

An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.

Multilateral Trading System

A trade system that promotes the participation of multiple countries agreeing to trade under certain regulations and tariffs.