Created in 1993, the _________ Has Been Given Power to Adjudicate

question 8

Multiple Choice

Created in 1993, the _________ has been given power to adjudicate trade disputes among countries and monitor and enforce trade agreements.

• A) WTO
• B) GATT
• C) NAFTA
• D) OMB

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Definitions:

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.

Distributive Justice

A concept in ethics and political philosophy concerning the fair allocation of goods, resources, and opportunities among members of society.

Unfettered Free Markets

Economic systems with minimal or no government intervention, where the forces of supply and demand are allowed to determine production, consumption, and price levels freely.

Libertarianism

A philosophical view that holds that individuals’ liberty is fundamentally important and that government must respect its citizens’ rights, understood as “negative” rights (that is, rights to act without interference so long as one’s actions do not interfere with the rights of others). Among the negative rights libertarians defend are the right to keep what one has or has earned, and the right to be free from government interference in all matters except when absolutely necessary to the general good.