Several Nations Are Frustrated with the Slow Progress of the Most

question 77

Multiple Choice

Several nations are frustrated with the slow progress of the most recent round of WTO trade negotiations. To vent their frustration, several countries are:

• A) negotiating bilateral trade agreements.
• B) forming a rival organization.
• C) refusing to honor rules and regulations imposed by the WTO.
• D) using legal means to sue the WTO.
• E) opting out of membership in the WTO.

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Definitions:

Device

An instrument, tool, or machine created for a specific function or purpose, ranging from simple tools to complex machinery.

Economic Duress

A situation where one party is forced into a contract or agreement under the pressure of financial hardships, often exploiting that party’s vulnerable position.

Business Compulsion

A scenario where a business is forced to make a decision or take an action due to external pressures or unavoidable circumstances.

Fraud

Involves intentionally deceiving someone for personal gain or to damage another individual.