Why Was There Support for China's Membership in the World

question 36

Multiple Choice

Why was there support for China's membership in the World Trade Organization (WTO) ?

• A)Many expected China to run large trade deficits.
• B)China had packed the WTO with its supporters.
• C)Many people thought that membership in the WTO would decrease the costs of war.
• D)Many people thought that joining the WTO would increase China's costs for challenging the status quo.

---

Definitions:

Advertising Expense

The costs incurred in promoting products or services to potential customers through various media outlets.

Cost of Goods Sold

Cost of Goods Sold (COGS) is the direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Miscellaneous Expenses

Expenses that don't fit into any specific category within the company's budget, often small or irregular in nature.

Financial Statements

Formal records that outline the financial activities and condition of a business, entity, or individual.