The International Labour Organization Has Set Itself a New Agenda-Called

question 15

Multiple Choice

The International Labour Organization has set itself a new agenda-called the "Decent Work Agenda." Which of the following is the main purpose behind this move?

• A) to illustrate the decency embedded in international organizations
• B) to stop itself from becoming irrelevant
• C) to chart laws for international firms
• D) to highlight the ethical dimension of work

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Definitions:

Import Tariffs

Taxes imposed by a government on goods brought into the country from abroad, often used to protect domestic industries from foreign competition.

Import Tariffs

Taxes imposed by a government on goods and services imported from other countries to protect domestic industries from foreign competition or to generate revenue.

Comparative Advantage

The capacity of a person, business, or nation to manufacture a product or deliver a service with a smaller opportunity cost than that of their rivals.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, technology).