What Type of Progress Has the World Trade Organization Made

question 9

Multiple Choice

What type of progress has the World Trade Organization made toward its goals of liberalizing world financial services, telecommunications, and maritime markets?

• A) slow-its activities have focused on complaint resolution, not trade barriers
• B) rapid-several major new treaties have been ratified in the last two years
• C) about as expected-there have been the usual victories and the usual defeats
• D) relatively fast-some authorities claim a new world order by the year 2016

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Definitions:

Cost of Capital

The rate of return a company must earn on its investments to maintain its market value and attract funds.

Use of Leverage

The practice of using borrowed money to increase the potential return of an investment, which also increases the risk of loss.

Diluting Existing Shares

A process where a company issues more shares, leading to a reduction in the ownership percentage of existing shareholders.

Public Utility

A company providing essential services such as water, electricity, and telecommunications to the public, often subject to government regulation.