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tangare [24]
3 years ago
6

How does the WTO promote global free trade?

Business
1 answer:
kherson [118]3 years ago
4 0

Answer:

C. By creating multilateral trade agreements

Explanation:

The WTO's main aim is to promote free trade by lowering tariffs and other barriers. It does this through agreements negotiated and signed by most of the world's trading nations. And when member countries don't play by the agreed rules, the WTO can impose trade sanctions against them.

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Create a fictitious product. Be creative — it can be anything you want, including clothing, a beverage, food, a gadget, a video
skelet666 [1.2K]

Answer:

A video game:

Explanation:

Target your audience: kids love videos games, and crazy colors. Grab your audiences attention

3 0
3 years ago
Read 2 more answers
Suppose that Spain and Austria both produce rye and stained glass. Spain's opportunity cost of producing a pane of stained glass
Fiesta28 [93]

Answer:

Spain for the first part and Austria for the second part.

Explanation:

The solution to the question is to determine which of the countries have a comparative advantage in producing stained glass among the two countries.

Comparative advantage represents the ability of an economy or country to produce a good or render a service at opportunity costs lower than other countries or fellow trade partners. Ability to produce at lower opportunity costs simply means that country or economy will produce the good at a lower cost and realise stronger margins in terms of sales and profit.

<u>Spain's opportunity cost of producing a pane of stained glass is 5 bushels of rye</u>

<u>While Austria's opportunity cost of producing the same pane of stained glass is 10 bushels of rye.</u>

Therefore, Spain has a lower opportunity cost and has comparative advantage over Austria in producing stained glass.

Also, Austria has a comparative advantage over Spain in the production of rye.

5 0
4 years ago
Suppose you are the president of a sugar company based in southern Florida. Poor sugar harvests in the Caribbean Islands means y
Yuliya22 [10]

Answer:Please refer to the Explanation section

Explanation:

Cuba seems to a comparative advantage in Producing Sugar, importing sugar will drive the price down because Cuba can supply sugar at a relatively lower price which will means people in Florida will purchase Sugar at lower price so a trade with with will be in the best interest of the People because the demand will met, meaning there will no shortages in the market and the price will be lower. these two point will increase consumer surplus.

We could also export some of the products we have comparative advantage on, which will not only increase revenue for local Producers but will also open opportunities for local producers to gain market share which will increase the demand for the local products. When the Demand for the Local Products increases, Local Producers will produce more and that will lead to an increase in the Gross Domestic Products (GDP) of the United States.

A trade will Cuba Trade Deal will benefit the country and the citizens of the country I therefore would like to  plead with the Senator to review the embargo on Cuba

5 0
3 years ago
A marketing manager for a small laptop manufacturer is analyzing the potential effects of political, legal, sociocultural, and e
ss7ja [257]

Answer:

marketing environment

Explanation:

Marketing environment -

It refers to all the external as well as the internal factors , which is present in the surrounding of the business and alters or influences the marketing process of the goods and services , is referred to as the marketing environment .

  • The internal factors are - distributors , retials , shareholders , employees , consumers etc.

And ,

  • The external factors are economic , technological , social , legal and political aspects .

Hence , from the given information of the question,

The correct term is marketing environment .

3 0
3 years ago
On February 1, 2020, Sunland Corporation issued 2,800 shares of its $5 par value common stock for land worth $36,400. Prepare th
wariber [46]

Explanation:

The journal entry is as follows

On February 1, 2020

Land Dr $36,400

        To Common Stock $14,000

        To Paid- in capital in excess of par value - common stock $22,400

(Being the common stock is issued for land)

The computation is shown below:

For common stock

= 2,800 shares × $5 per share

= $14,000

And, the remaining balance is credited to the paid in capital in excess of par value i.e $22,400

7 0
3 years ago
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