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

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.

Rahul Sunny answered 2 years ago

Many opponents of free trade use the following example to illustrate its negative effects: Joe Smith...

Many opponents of free trade use the following example to illustrate its negative effects: Joe Smith started the day early having set his alarm clock (MADE IN JAPAN) for 6AM. While his coffeepot (MADE IN CHINA) was perking, he shaved with his electric razor (MADE IN HONG KONG). He put on a dress shirt (MADE IN SRI LANKA), designer jeans (MADE IN SINGAPORE) and tennis shoes (MADE IN KOREA). After cooking his breakfast in his new electric skillet (MADE IN...

WTO is criticized for no real enforcement mechanism. Do you agree with this criticism? Can WTO...

WTO is criticized for no real enforcement mechanism. Do you agree with this criticism? Can WTO promote free trade regime? Discuss two conditions for cooperative trade regime and which condition is satisfied in current WTO system.

5. All of the following are reasons for purifying protoplasts before culture except All of the...

5. All of the following are reasons for purifying protoplasts before culture except All of the above are valid reasons Remove non-totipotent cells Remove cellular debris Remove non-protoplasted cells Remove all traces of protoplasting enzymes

In the female, estrogen is important for all of the following reasons except it causes secondary...

In the female, estrogen is important for all of the following reasons except it causes secondary sexual characteristics it is responsible for cleavage and blastocyst formation in the zygote it helps regulate the ovarian and uterine cycles it is used in several types of contraceptive devices

All of the following are reasons why a physicians' license may be revoked or suspended EXCEPT:...

All of the following are reasons why a physicians' license may be revoked or suspended EXCEPT: a. conviction of a crime. b. unprofessional conduct. c. personal or professional incapacity. d. being named in a medical malpractice case.

1. A budget for capital expenditures is necessary for all the following reasons except: a. fixed...

1. A budget for capital expenditures is necessary for all the following reasons except: a. fixed assets may become obsolete b. amounts spent for network equipment may be a small amount c. expansion may be necessary to meet increased demand d. machinery and other fixed assets wear out 2. All variances from standard costs are usually transferred to the: a. direct labor account b. factory overhead account c. cost of goods sold account d. Work in Process account 3. If...

All of the following are reasons why a risk exposure should be monitored more frequently EXCEPT...

All of the following are reasons why a risk exposure should be monitored more frequently EXCEPT the risk exposure materiality is rated as high. the underlying asset's volatility increases. management's risk tolerance increases. the risk exposure has increased likelihood of losses. An organization's cost of risk from losses is the break-even point between the costs of insurance and the costs of uninsured losses for an organization. the cost of all insurance and related administrative costs. the total of all costs...

1. The underground economy exists for all of the following reasons EXCEPT the avoidance of government regulation....

1. The underground economy exists for all of the following reasons EXCEPT the avoidance of government regulation. production of illegal goods. desire to maintain accurate records of economic transactions. avoidance of taxes. 2. Producer surplus (for a single exchange) is defined as the exchange price minus the supply price. True False 3. Consumer surplus (for a single exchange) is defined as the demand price minus the supply price. True False 4. When using the income approach to measure GDP, the largest...

What is the World Trade Organization (WTO? When was the WTO created and how is it...

What is the World Trade Organization (WTO? When was the WTO created and how is it related to the GATT? Roughly how many countries are members of the WTO and what are the broad issues related to agriculture that are being debated in WTO negotiations? Why does the world need organizations such as the World Trade Organization (WTO)? In other words, what is the role of the World Trade Organization?

Under the World Trade Organization (WTO) system, free riding may occur due to the Most Favored...

Under the World Trade Organization (WTO) system, free riding may occur due to the Most Favored Nation (MFN) principle, but in practice no such free riding has occurred or has been curbed to a minimal level. Explain why.

Question