What Is the Principal Reason That Service Trade Receives Low

question 29

Multiple Choice

What is the principal reason that service trade receives low priority at WTO meetings?

• A) Controlling service trade is difficult.
• B) Governments are more concerned with trade in manufactured products.
• C) Service trade is an insignificant factor in international trade.
• D) Tariffs cannot be applied to services.

Appreciate cross-cultural perspectives on contracts, highlighting differences in contract views and preferences.

Understand the principles and conditions that affect the validity and expiration of an offer.

Grasp the method by which acceptance of an offer can be communicated and the impact of specific forms of acceptance.

Identify and explain the rules surrounding the revocation of an offer and its effects.

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Definitions:

Grover Cleveland

The 22nd and 24th President of the United States, known for his honesty, integrity, and reformist efforts, serving two non-consecutive terms from 1885–1889 and 1893–1897.

American President

The head of state and head of government of the United States, elected to a four-year term, serving as the executive branch's leader.

Plessy V. Ferguson

A landmark 1896 U.S. Supreme Court decision that upheld state laws requiring racial segregation in public facilities under the doctrine "separate but equal."

Separate-But-Equal

A legal doctrine that justified and permitted racial segregation, claiming equality in separate facilities for black and white Americans.