Which of the Following Will Support the Claim That the Development

question 40

Multiple Choice

Which of the following will support the claim that the development of the GATT, WTO, and various trade blocs have been successful in promoting international trade?

• A) Trade blocs have resulted in a lot of trade diversion from low-cost suppliers.
• B) World exports, as a proportion of world GDP, have been growing rapidly over the last few
• C) Tariffs are an important source of revenue for the governments of many countries.
• D) When one country introduces trade barriers such as import tariffs, trading partners often

---

Definitions:

Scorecard

A performance measurement tool that tracks the success or achievement against defined targets or criteria.

Key Performance Indicators

Metrics used to evaluate the success of an organization or of a particular activity in which it engages.

Order Cycle Time

The total time from when a customer places an order until the product is delivered, used as a key performance indicator in supply chain management.

Logistics Service Metric

Quantitative measures used to track, analyze, and optimize logistics operations, ensuring the efficiency, effectiveness, and quality of supply chain processes.