Antiglobalization Critics Criticize the WTO Because They Think It

question 5

Multiple Choice

Antiglobalization critics criticize the WTO because they think it:

• A)favors domestic workers over other actors.
• B)disregards environmental and safety issues.
• C)is overly concerned about workers' health and safety.
• D)is not doing enough to reduce government subsidies for domestic producers in developing countries.
• E)has too little authority in regulating international trade.

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Definitions:

Tariff

A tax imposed on imported or exported goods, often used to regulate trade and protect domestic industries.

Quotas

Limits set on the quantity of goods that can be imported or exported during a given time frame, often to protect domestic industries.

European Union

A political and economic union of 27 member states that are located primarily in Europe, aimed at fostering economic cooperation and integrating its members' economies.

Tariffs

Taxes imposed on imported goods, often used to protect domestic industries from foreign competition or to generate revenue.