Article Summary Roberto Azevedo, Director-General of the World Trade Organization (WTO), Reported

question 71

Multiple Choice

Article Summary
Roberto Azevedo, director-general of the World Trade Organization (WTO) , reported that global trade growth estimates will be lowered for 2013 and 2014 because of increasing global protectionism. The current protectionism is based primarily in regulations rather than the more common tariffs and subsidies. Since 2008, almost 700 new trade restrictions have materialized — over 150 of those in 2012 alone — with Russia being singled out as one of the primary offenders.
Source: Kiran Moodley, "WTO warns of trade slowdown due to protectionism," CNBC, September 6, 2013.

-Refer to the Article Summary.The protectionism being granted to Russian firms is likely to cause

• A)exporting countries to retaliate by placing trade barriers on Russian imports.
• B)Russian manufacturers to become more efficient.
• C)Russian consumers to pay lower prices for a wider variety of products.
• D)most countries to reduce their own trade barriers to be able to better compete with Russian imports at home.

Discuss the rationale and consequences of internment policies and other wartime measures on civil liberties.

Describe the contributions of diverse groups to the war effort and how the war affected those groups.

Critically assess the Holocaust, including its preventability and the international response to it.

Explain the significance of key wartime conferences, treaties, and declarations.

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Definitions:

Equilibrium Price

The rate at which the supply of a commodity or service aligns with its demand in the market.

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Equilibrium Price

The market price at which the quantity of a good demanded equals the quantity supplied, leading to market balance.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where market supply and demand balance.