Answer:
The answer is True
Explanation:
The General Agreement on Tariffs and Trade (GATT) commenced in 1948, it is a legal agreement between many countries for the purpose of promoting international trade by removing or reducing trade barriers. It was however replaced by the World Trade Organisation (WTO) which officially started in 1995. One of the main activities of the WTO was to regulate international trade. The WTO is also involved in settling of trade disputes between countries or member government. It has the Dispute Settlement System (DSS) which contributes to ensuring stability of the global economy. The WTO has 164 member states. Unlike the GATT, the WTO dispute settlement system is faster, more assured, less susceptible to blockages and more automatic.
Answer:
Some of the gains from trade shift to Portugal.
Explanation:
The law of comparative advantage describes how agents produces more of and consumes less of a good for which they have a comparative advantage in. Agents have a comparative advantage if they produce a good at a lower marginal cost prior to trade. Contrary to it, agent has an absolute advantage if they produce a good more productively, or more quantity of goods for a less amount of resources.
In this example, if the price of doormat increases to 5 hats per doormat, Spain will have to produce hats to get 1 doormat. Contrary to it, Portugal will get more hats for producing the same amount of doormats as before.
So, to conclude, Portugal will gain from this trade.
Answer:
c. the law of effect.
Explanation:
the law of effect proposed by Thorndike says that when an action is followed by a reinforcement, the likelihood of the action will increase.
This is so because the consequences will be associated with the stimulus and will be more likely to occur when the stimulus reappears.
A peaceful march is more effective than a poster calling for violence because violence is never an a good answer and a peaceful march shows That things can be accomplished without violence
'Although concrete operational thinkers might succeed on the balance-a-scale test of formal reasoning, they are less likely to do so because of their reliance on <u>trial and error</u>.
An operational definition is a definition that defines the precise way wherein a variable is measured. Giving the steps used in defining each variable allows others to evaluate and potentially mirror research take a look at.
Your operational definitions describe the variables you may use as indicators and the processes you will use to study or degree them. You need an operational definition due to the fact you can not measure something without one, regardless of how top your conceptual definition is probably.
An operational definition of a variable is the set of approaches used to measure or control it. a great operational definition is obviously sufficient so that an unbiased researcher ought to use the same technique (mirror the studies) and get identical outcomes.
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