The Most Important Element of the Climate Change Issue in the Context

question 43

Multiple Choice

The most important element of the climate change issue in the context of WTO rules is that

• A) a global climate change regime is based on asymmetrical obligations that severely affect trade competitiveness.
• B) border adjustments are essentially non-tariff barriers.
• C) border adjustments are inherently discriminatory.
• D) the United States refuses to accept a competitive disadvantage for American business.
• E) China and India want to achieve a competitive advantage relative to the advanced industrial countries.

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Definitions:

Buyers and Sellers

Parties involved in the exchange of goods and services, where buyers provide compensation and sellers provide the goods or services.

Manufacturers' Agents

Independent sales agents who work on behalf of manufacturers to sell their products to wholesalers and retailers.

Noncompetitive

Refers to a situation or environment where there is little to no competition between businesses or individuals.

Exclusive Territory

A business agreement in which a franchisor grants a franchisee the sole right to sell or distribute products or services in a specified geographic area.