The World Trading System Combines Negotiated Agreements That Promote Trade

question 29

Multiple Choice

The world trading system combines negotiated agreements that promote trade liberalization called ________ with binding agreements called ________ that block tariff increases.

• A) fiscal policies; monetary policies
• B) truces; aggressions
• C) free trade; enforcement contracts
• D) levers; ratchets
• E) wheels; walls

---

Definitions:

Injurious Reliance

Refers to a situation where a party suffers harm or loss as a result of relying on false or misleading statements or promises made by another party.

Legal Right

A legal right is an entitlement derived from legal principles or law, granting the holder a legally enforceable claim to act or require others to act in a certain way.

Green Beans

A type of common bean, eaten around the world, and harvested while the beans are still in their pod before they have fully matured.

Past Work

Previous employment experiences or completed assignments, often reviewed to evaluate skills, performance, or suitability for new tasks.