An independent entity whose purpose it is to oversee cross-border trade issues and global business practices is called the World Trade Organization (WTO).
World Trade Organization (WTO), is a global regulatory body with its headquarters in Geneva. To replace the General Agreement on Tariffs and Trade, it was established in 1995. (GATT).
Like its predecessor, it seeks to promote international trade and lower trade obstacles. It also negotiates and puts into effect new agreements while keeping an eye on members' compliance with GATT rules.
The WTO is criticized for allegedly undermining national sovereignty by serving the interests of powerful multinational corporations and for encouraging trade liberalization that harms the environment and lowers living standards for low-skilled workers in developing nations, among many other grievances. The WTO has more than 145 members at the start of the twenty-first century.
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Answer:
Informational social influence
Explanation:
Informational social influence refers to action by which one person looks at the behaviors of others who are also in the same or similar situation to see how they behave. Then, this person can follow their lead. This action often happens when the person assumes that the other people know better and know how to behave in a situation and act accordingly.
In this case Samuela doesn't pay attention in class nor she studies. However <u>she's constantly looking for opportunities to cheat, looking at their neighbor's answers and assuming that they know better.</u>
We can see that <u>Manuela looks at the behaviors of the other students and their answers in order to follow their lead assuming they do know the answers.</u> Therefore, <u>her answers are based on informational social influence. </u>
Answer:
Macroeconomics deals with the economy as a whole and so deals with how variables such as government spending and interest rates will affect the entire economy not just single entities.
Microeconomics on the other hand, deals with individual entities in the economy and how various variables and decision making will affect them.
A nation prints more money, causing inflation. MACROECONOMICS.
This affects the entire nation not just single entities so it is macroeconomics.
A local store has a buy one, get one free sale. MICROECONOMICS.
This relates to the actions of a single entity in the economy so falls under microeconomics.
Oil production decreases, and gas prices rise nationwide. MACROECONOMICS.
As this concerns the entire nation, it is therefore under the realm of Macroeconomics.
