The Main Problem Posed by Trade Blocs for Nonmember Nations

question 111

Multiple Choice

The main problem posed by trade blocs for nonmember nations is that:

• A) member nations may achieve growth rates that exceed those of nonmember nations.
• B) nonmembers must exchange their currencies for foreign monies before they can engage in export or import transactions.
• C) nonmembers face tariffs that member nations do not.
• D) member nations refuse to participate in tariff negotiations sponsored by GATT.

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Definitions:

Photoreceptor Cells

Specialized cells found in the retina of the eye that detect light and convert it into electrical signals for vision.

Ciliary Ring

Portion of the ciliary body of the eye that contains smooth muscle cells.

Iris

The colored part of the eye surrounding the pupil, controlling the amount of light entering the eye by adjusting the size of the pupil.

Sclera

The white, outer layer of the eyeball, providing protection and form.