Question

1.) What caused the increase in the competitive rivalry among industrialized countries in the late 20th...

1.) What caused the increase in the competitive rivalry among industrialized countries in the late 20th Century?

a. declining population growth rates

b. energy shortages

c. rising ethnic nationalism

d. slower and unstable growth rates

e. failure of the world trade organization policies

2.) GATT (General Agreement on Tariffs and Trade) was the forerunner of what international organization of today?

a. international monetary fund

b. world trade organization

c. world bank

d. North American free trade agreement

e. European Union

3.) What must a country give up in order to be a member of the World Trade Organization?

its language

part of its sovereignty

some land that can be used for WTO functions

all of the above

a large membership fee

4.) Taken together, labor, capital, technology, entrepreneurship, and land containing raw materials are called

a. comparative advantage

b. terms of trade

c. demand conditions

d. factors of production

e. factors of consumption

Homework Answers

Answer #1

1) Answer: e) failure of world trade organisation policies.
Reason: The failure of world trade organisation is establish a free and fair trade route among nations has been major cause of competitive rivalry among industralised nations.

2.Answer: B. World Trade organisation.
Reason: GATT was an agreement between 23 nations focusing in reducing trade barriers. It was replaced by intergovernmental international organisation- World trade organisation in 1995.
3. Answer: B. part of its sovereignty.
Reason: By becoming a member of WTO, the country has to follow certain directives of the organisation that influences major national policies and decisions of the country.
4. Answer: D. Factors of production.
The factors of production are those that help in the process of production. They include land, capital, technology, entrepreneurship

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
QUESTION 1 Some examples of policy tools aimed at reducing inequality include all but which of...
QUESTION 1 Some examples of policy tools aimed at reducing inequality include all but which of the following:         Encouraging entrepreneurs         Imposing anti-competitive measures         Imposing administrative barriers to trade         Maintaining fairness in market mechanisms 0.25 points    QUESTION 2 Corruption is a serious issue in all but which one of the following countries?         Philippines         Indonesia         China         Australia 0.25 points    QUESTION 3 Supporters of capitalism...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...