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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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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
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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