ording to the following passage, which argument would a proponent of the World Trade Organization most likely use? "The system's overriding purpose is to help trade flow as freely as possible - so long as there are no undesirable side effects - because this is important for economic development and well-being. That partly means removing obstacles. It also means ensuring that individuals, companies and governments know what the trade rules are around the world, and giving them the confidence that there will be no sudden changes of policy. In other words, the rules have to be 'transparent and predictable." -World Trade Organization O International free-trade will eliminate world poverty Unemployment rates will increase in less developed nations O A reduction in the growth rate in the industrial economy O Standard of living in all nations engaging in trade will increase
ording to the following passage, which argument would a proponent of the World Trade Organization most likely use? "The system's overriding purpose is to help trade flow as freely as possible - so long as there are no undesirable side effects - because this is important for economic development and well-being. That partly means removing obstacles. It also means ensuring that individuals, companies and governments know what the trade rules are around the world, and giving them the confidence that there will be no sudden changes of policy. In other words, the rules have to be 'transparent and predictable." -World Trade Organization O International free-trade will eliminate world poverty Unemployment rates will increase in less developed nations O A reduction in the growth rate in the industrial economy O Standard of living in all nations engaging in trade will increase
Chapter20: International Trade
Section: Chapter Questions
Problem 11QP
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Transcribed Image Text:According to the following passage, which argument would a proponent of the World Trade Organization most likely use?
"The system's overriding purpose is to help trade flow as freely as possible - so long as there are no undesirable side effects because this
is important for economic development and well-being. That partly means removing obstacles. It also means ensuring that individuals,
companies and governments know what the trade rules are around the world, and giving them the confidence that there will be no sudden
changes of policy. In other words, the rules have to be 'transparent' and predictable."
-World Trade Organization
International free-trade will eliminate world poverty
O Unemployment rates will increase in less developed nations
A reduction in the growth rate in the industrial economy
Standard of living in all nations engaging in trade will increase
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