The Rules of the WTO

question 238

Multiple Choice

The rules of the WTO:

• A) apply only to domestic trade within a nation.
• B) apply to both domestic trade within a nation and international trade with other nations.
• C) apply only to trade among nations.
• D) include a prohibition of tariffs.
• E) encourage high tariffs.

---

Definitions:

Conglomerate Merger

A type of corporate merger involving companies in unrelated business activities.

Layoffs

A process in which a company permanently ends employment for a number of its staff to reduce costs or due to business restructuring.

Workforce Reduction

This describes the process of a company decreasing its employee base to reduce costs and improve efficiency, often involving layoffs or early retirement incentives.

Cultural Transformation

Refers to the significant change in the customs, values, and practices of an organization or society.