Examlex

Solved

Michele Is a Bank Officer Who Takes the Time to Fully

question 49

Multiple Choice

Michele is a bank officer who takes the time to fully explain to an applicant why he was turned down for a loan. Michele is reflecting the ethical concern of ______ in her behaviour.


Definitions:

GATT

The General Agreement on Tariffs and Trade, an international treaty designed to reduce trade barriers and promote international commerce.

Tariff Rates

Taxes imposed by a government on imported goods, which can affect international trade by increasing the cost of imported products.

Net Welfare Loss

The decrease in social welfare, often measured as the loss in efficiency or total wealth due to distortions, such as taxes or subsidies.

World Trade Organization

An international organization that regulates international trade and ensures that trade flows as smoothly, predictably, and freely as possible.

Related Questions