Which of the following is a criticism that economists have against regional free trade areas?
A) Regional trade areas promote trade within the trade area, but they do little to promote trade across the globe.
B) Regional trade areas have been more successful in promoting worldwide trade than the WTO.
C) Some countries have abandoned the WTO to join the regional trade areas.
D) Regional trade areas require that member countries first withdraw membership from the WTO.
Correct Answer:
Verified
Q180: Among the rationales for protection is that
Q181: Regional agreements help GATT reach agreements faster.
Q182: Dumping occurs when a firm
A) charges a
Q183: In the last few decades there has
Q184: What countries are members of the DR-CAFTA?
Q186: _ occurs when a firm cuts prices
Q187: The example of the VCRs from Korea
Q188: The main rationale for anti-dumping policies is
Q189: What is the GATT?
Q190: Voluntary export restraints are illegal under WTO
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