When the WTO Met in Seattle to Initiate a Further

question 40

Multiple Choice

When the WTO met in Seattle to initiate a further move towards free international trade, thousands of activists met

• A) in order to promote the WTO's goals of "Trade-not Aid."
• B) in order to laud the WTO policy orientation which would bust local monopolies and therefore help ordinary relatively poor consumers everywhere.
• C) in order to laud the WTO policy of disallowing government sweetheart deals, which typically meant that corrupt governments subsidized their in-laws' conglomerates on the backs of poor taxpayers.
• D) in order to support the WTO efforts of bringing about a universal shift of resources in poor countries to higher efficiency and productivity uses, which would raise the real incomes of everyone.
• E) in order to protest WTO free trade policies that they believed hurt workers.

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Definitions:

Straight-Line Depreciation

A process for dividing the cost of an asset equally over the duration of its usability.

After-Tax Discount Rate

This rate is used to discount future cash flows to their present value, considering the effect of taxes.

Incremental Sales

The additional revenue generated from a specific marketing or sales effort, beyond the expected or baseline sales level.

Income Tax Rate

The segment of income that governments require individuals and corporations to pay as tax.