Global and regional institutions like the WTO and the EU help reduce transaction costs by
A) providing a forum for exchanging goods and services.
B) setting tariff rates on imports and exports.
C) increasing information and transparency.
D) forcing all states to remove barriers to trade.

Question

Quizplus · Accepted Answer

Global and regional institutions like the WTO and the EU help reduce transaction costs by increasing information and transparency, making it easier for businesses and governments to understand trade policies, rules and regulations.

Global and Regional Institutions Like the WTO and the EU