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Introduction to Economics 2
Introduction to Economics 2 Deneme Sınavı
Introduction to Economics 2 Deneme Sınavı Sorusu #349963
Introduction to Economics 2 Deneme Sınavı Sorusu #349963
Which of the following is true about WTO (World Trade Organization?
It was established in 1947.
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It has succeeded to reduce the tariffs.
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It prevented the use of non-tariff restrictions
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It covers only the rules about commodity trade |
It ended the era of new protectionism |
Yanıt Açıklaması:
The WTO, as well as the GATT, has succeeded to reduce the tariffs. However, countries have begun to use non-tariff restrictions instead of tariffs. This preference and increasing implementation of the non-tariff restrictions are mostly referred to new protectionism. In spite of the rules and regulations of the WTO, countries pretend to implement new types of non-tariff restrictions. The WTO is not very efficient in preventing the usage of the nontariff barriers.
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