Unilateral actions by individual nations in trade matters:
A)is authorized by most international trade agreements.
B)is preferred in resolving trade disputes since the actions can be taken quickly.
C)often mean that international trade organizations have failed to resolve trade conflicts.
D)often result in a cycle of retaliation against each other which interferes with international trade.

Question

Quizplus · Accepted Answer

Unilateral actions by individual nations in trade matters often result in a cycle of retaliation against each other, which interferes with international trade. This can lead to a trade war, which harms economies and markets on both sides. It is generally preferred to resolve trade disputes through international trade organizations, such as the World Trade Organization, to prevent this type of escalation.

Unilateral Actions by Individual Nations in Trade Matters