The Experiences of the WTO in 1999 and 2008 Suggest

question 30

Multiple Choice

The experiences of the WTO in 1999 and 2008 suggest which of the following?

• A)an increase in antiglobalization activism
• B)the rapid weakening of state sovereignty
• C)the increased power of the Internet to influence financial markets
• D)the power of MNCs to derail trade liberalization talks
• E)the increased power of NGOs to promote global human rights

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Definitions:

Risk Averse

The tendency to prefer certainty over risk, where an individual opts for the investment with the least potential for financial loss.

NPV

A financial metric that calculates the total value of a project or investment by discounting future cash flows back to their present value and subtracting initial investment cost.

Scenario Analysis

A business planning technique in which the implications of variations in planning assumptions are explored. Also known as “what-if-ing.”

Abandonment Option

A financial decision allowing companies to cease a project or investment to avoid further losses.