Question

In: Economics

The WTO is criticized by opponents of free trade for all of the following reasons except...

The WTO is criticized by opponents of free trade for all of the following reasons except

Group of answer choices

its trade laws allow imports from low-wage countries and result in a loss of jobs in high-wage countries

the adverse impact that some of its rulings have had on environmental policies

its inability to force a member nation to take an action to which it is opposed.

its rules against allowing nations to stop imports from countries where working conditions are hazardous

Solutions

Expert Solution

Option C is incorrect.

  • The WTO or the world trade organization lays down rules and regulations for the the trade that occurs between various nations globally.
  • But by the way it functions, it is usually criticized by opponents of free trade.
  • This is because it has resulted in unemployment in high wage countries due to imports from low wage countries.
  • It does not take any action against nations who still import even when the environment has become hazardous.
  • It's rules and regulations might make some of the nation's wealthier while nations suffer.

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