The New GATS and TRIPS Are Separate Agreements Negotiated Within

question 18

Multiple Choice

The new GATS and TRIPS are separate agreements negotiated within the WTO framework as part of the Uruguay Round that apply to

• A)services and aircraft.
• B)services and transportation.
• C)agriculture and textiles.
• D)services and intellectual property.
• E)textiles and transportation.

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Definitions:

Profitability Index

A financial ratio that measures the return on investment for a project by dividing the present value of future cash flows by the initial investment.

Invested Sum

The total amount of money allocated towards an investment or project.

Discount Factor

The discount factor is a multiplier that adjusts the future value of a cash flow to its present value, reflecting the time value of money.

Discount Rate

The applied rate in discounted cash flow studies for turning future cash flows into their equivalent present-day financial value.