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Gnesinka [82]
4 years ago
12

What is the purpose of the WTO? Explain one positive effect and one negative effect the WTO's operations can have on member coun

tries.
Business
1 answer:
Eva8 [605]4 years ago
3 0
The motivation behind the WTO (World Trade Organization) is to control rules managing universal exchange on worldwide and close worldwide levels. A negative impact of WTO is that creating nations don't have much space to arrange when tolerating exchange controls. They are not sufficiently solid all alone without them. Be that as it may, a positive is that every one of the nations needs to acknowledge what WTO manages so to develop nations this can help them not be exploited by bigger, more created nations.
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Exporting countries primarily agree to voluntary export restraints (VERs) to A) minimize exposure in the importing country. B) r
romanna [79]

Answer:

C) avoid stiffer quotas being set by the importing country.

Explanation:

This simply explains the restrictions made in trades where a particular country gives another a specific limit to the a mount of products to be imported and also exported in some cases. Economic experts have argued that in cases of this such, compensation from winners to losers can potentially alleviate the redistribution problem. Also important to notice that not everyone’s welfare rises when there's a rise in national welfare. Instead, there's a redistribution of income. Consumers of the merchandise and recipients of the quota rents will benefit, but producers may lose. A national welfare increase, then, implies that the sum of the gains exceeds the sum of the losses across all individuals within the economy.

The best tool

4 0
3 years ago
What are the brunches of accounting​
polet [3.4K]

Answer:

<h3>there are<em><u> eight </u></em>branches in accounting:</h3>

1. forensic accounting

2. financial accounting

3. cost accounting

4. managerial accounting

5. fiduciary accounting

6. accounting information systems

7. tax accounting

8. Auditing

6 0
3 years ago
Taylor Inc. has some material that originally cost $65,500. The material has a scrap value of $56,300 as is, but if reworked at
fgiga [73]

Answer:

-$2,350

Explanation:

In this question, we have to compare the cost which is shown below:

If we considered the reworked cost, then the sales would be

= Sales - reworked cost

= $55,700 - $1,750

= $53,950

And the scrap value is $56,300

So, the financial disadvantage would be

= Sales without reworked cost - scrap value

= $53,950 - $56,300

= -$2,350

All other information which is given is not relevant. Hence, ignored it

5 0
3 years ago
A performance rating error in which the rater tends to give employees either extremely high or extremely low ratings is referred
victus00 [196]
D. leniency is based on when somebody rates an employee too high. Strictness error is when somebody was rated very very low.
3 0
3 years ago
For higher levels of management, responsibility accounting reports a.contain about the same level of detail as reports for lower
ss7ja [257]

Answer:

d. are more summarized than for lower levels of management

Explanation:

This report is generally explained to be a rundown of a company's budget and also expenditure and it is comprised also of different operations by higher levels of the company's management. In as much as it gives reports and details of the lower part of the company, it is generally explained to be more summarized for higher management levels than for lower levels of management. In its bid to assist and control the company's head or responsibility units, it gives headway to staff care/welfare and also steady overview of benefits to staffs.

5 0
4 years ago
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