Who Will Gain as a Result of the WTO's Elimination

question 111

Multiple Choice

Who will gain as a result of the WTO's elimination of agricultural export subsidies?

• A) consumers in industrialized countries who import agricultural products
• B) farmers in developing countries who currently do not receive export subsidies
• C) farmers in industrialized countries who currently receive export subsidies
• D) consumers in developing countries who import agricultural products

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Definitions:

Service Factor

A measure of service level performance, often used in inventory control to determine the appropriate amount of safety stock to meet a specified service level.

Product Availability

A measure of the extent to which goods or services are ready for sale and can be purchased by consumers.

Online Sales

The process of selling goods and services through the internet, enabling transactions to be completed digitally.

Brick and Mortar

A business or retail outlet that has at least one physical location, as opposed to being online or virtual.