Adherence to the WTO Inevitably Means

question 75

Multiple Choice

Adherence to the WTO inevitably means:

• A) a definite increase in import tariffs worldwide.
• B) the loss of national security to a large extent.
• C) reduction in world trade by at least 70 percent.
• D) the loss of some degree of national sovereignty.
• E) complete stoppage of foreign direct investments.

---

Definitions:

Principal Reduction

The act of paying down the outstanding balance of a loan, not including interest, to reduce the principal amount owed.

Interest Payment

The amount paid by a borrower to a lender for the use of borrowed money, usually expressed as a percentage of the principal.

Note Payable

A liability representing a written promise to pay a specified amount of money at a future date, often including interest payments.

Maturity

The date on which a financial instrument, such as a bond or loan, becomes due and the principal is to be repaid.