Article Summary
Roberto Azevedo, director-general of the World Trade Organization (WTO), reported that global trade growth estimates will be lowered for 2013 and 2014 because of increasing global protectionism. The current protectionism is based primarily in regulations rather than the more common tariffs and subsidies. Since 2008, almost 700 new trade restrictions have materialized — over 150 of those in 2012 alone — with Russia being singled out as one of the primary offenders.
Source: Kiran Moodley, "WTO warns of trade slowdown due to protectionism," CNBC, September 6, 2013.

-Refer to the Article Summary.The protectionism being granted to Russian firms is likely to cause
A)exporting countries to retaliate by placing trade barriers on Russian imports.
B)Russian manufacturers to become more efficient.
C)Russian consumers to pay lower prices for a wider variety of products.
D)most countries to reduce their own trade barriers to be able to better compete with Russian imports at home.

Question

Article Summary
Roberto Azevedo, director-general of the World Trade Organization (WTO), reported that global trade growth estimates will be lowered for 2013 and 2014 because of increasing global protectionism. The current protectionism is based primarily in regulations rather than the more common tariffs and subsidies. Since 2008, almost 700 new trade restrictions have materialized — over 150 of those in 2012 alone — with Russia being singled out as one of the primary offenders.
Source: Kiran Moodley, "WTO warns of trade slowdown due to protectionism," CNBC, September 6, 2013.

-Refer to the Article Summary.The protectionism being granted to Russian firms is likely to cause
A)exporting countries to retaliate by placing trade barriers on Russian imports.
B)Russian manufacturers to become more efficient.
C)Russian consumers to pay lower prices for a wider variety of products.
D)most countries to reduce their own trade barriers to be able to better compete with Russian imports at home.

Quizplus · Accepted Answer

The article specifically states that Russia is one of the primary offenders in implementing new trade restrictions, which is leading to increasing global protectionism. This is likely to cause exporting countries to retaliate by placing trade barriers on Russian imports.

Article Summary Roberto Azevedo, Director-General of the World Trade Organization (WTO), Reported