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Discuss What Occurred in Seattle in 1999 at the Meeting

question 32

Essay

Discuss what occurred in Seattle in 1999 at the meeting of the WTO and why the events were important to the future of global trade.


Definitions:

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be consumed by many people without diminishing its availability to others.

National Defense

The protection and defense of a country against foreign threats and aggression, typically through military means.

Marginal Cost

The cost of producing one additional unit of a good.

Public Good

Goods that are non-excludable and non-rivalrous, meaning they can be used by multiple people simultaneously without diminishing availability to others.

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