The Millennium Round of Talks of WTO Attempted to Get

question 13

Multiple Choice

The millennium round of talks of WTO attempted to get the assembled countries to agree to work toward:

• A)agreeing on raising barriers to cross-border trade.
• B)strengthening their defense ties and carry on with their war against terror.
• C)reducing barriers to cross-border trade in agricultural products and trade and investment in services.
• D)increasing average tariff rates imposed by developing nations on manufactured goods to more than four percent of value,the highest level in modern history.

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Definitions:

Automobile Production

The manufacturing process of cars, involving assembly lines and complex supply chains, significant for its economic impact.

Farm Mechanization

The process of using agricultural machinery and equipment to increase the efficiency of farming operations and productivity.

Disk Plow

An agricultural tool featuring a disk-shaped blade used for plowing to turn over the soil, particularly useful in tough or sticky soil conditions unlike traditional plows.

Fordlandia

A failed industrial town established by American industrialist Henry Ford in the Brazilian Amazon in the 1920s, intended to secure a source of cultivated rubber for his automobile manufacturing.