Which Is One Type of Trade Liberalization Favored by the World

question 88

Multiple Choice

Which is one type of trade liberalization favored by the World Trade Organization?

• A) more efficient use of strategic trade policy
• B) replacing import tariffs with import quotas
• C) decreases in agricultural subsidies that distort trade
• D) the establishment of local content laws to attract foreign investment

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Definitions:

Artificial Termination

The intentional ending of a process or activity before it naturally concludes, often used in medical contexts to refer to procedures like abortion.

Pregnancy

The condition of having a developing embryo or fetus in the body, typically lasting about 40 weeks in humans from the last menstrual period to childbirth.

Abortion

The termination of pregnancy; spontaneous or induced.

Extrinsic Reward

A reward given by an external source, such as money or praise, which motivates certain behaviors or actions.