Which of the Following Is FALSE About Issues/negotiations in the Doha

question 55

Multiple Choice

Which of the following is FALSE about issues/negotiations in the Doha Development agenda?

• A)It is intended to deal with economic development issues and trade barriers facing developing countries that were not adequately addressed in the Uruguay Round.
• B)Many developing countries are upset with the levels of tariffs and other barriers that industrialized countries use to protect agriculture,clothing and textiles.
• C)Industrialized countries want developing countries to reduce their tariffs,which on average are higher than the rates of richer countries.
• D)Developing countries don't use tariffs,and they want higher income countries to follow their model.

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Definitions:

Economic System

A particular set of institutional arrangements and a coordinating mechanism for solving the economizing problem; a method of organizing an economy, of which the market system and the command system are the two general types.

Institutional Arrangements

The formal and informal rules, organizations, and practices that structure economic, political, and social interactions in societies.

Coordinating Mechanism

A system or method used to align actions and activities among different parties to achieve a common goal or objective.

Economizing Problem

The choices necessitated because society’s economic wants for goods and services are unlimited but the resources available to satisfy these wants are limited (scarce).