courses.aplia.com Thomson E 2017 Fall - ECON 265001: Econ 265-001 Syllabus Aplia
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courses.aplia.com Thomson E 2017 Fall - ECON 265001: Econ 265-001 Syllabus Aplia: Student Question MindTap - Cengage Learning A tax on an import Tariff A law that bars trade with another country Embar The ability of a country to produce a good using fewer resources than another country Absolute advantage The ability of a country to produce a good at a lower opportunity cost than another country Comparative adva Select the correct acronym for each trade agreement or organization as follows. Description Trade Agreement or Organization The agreement to end the tariff wars among industrialized nations, signed in 1947 An organization of 21 Pacific Rim nations subject to a nonbinding agreement to reduce trade barriers between members An organization of 160 member states that oversees international trade agreements and rules on trade disputes Grade It Now Save & Continue Continue without saving Copyright Notices Terms of Use Privacy NoticeSecurity NoticeAccessibility 58:36 TimeoutExplanation / Answer
Ans:
1) General aggrement on trade and tariff(GATT)
General Agreement on Tariffs and Trade (GATT) is a multilateral agreement regulating international trade and whose main purpose is to reduce tariff barriers and frame policies and agreements which are on a reciprocal and mutually advantageous.
2) Asia pacific economic cooperation forum
It is an organization that promotes free trade and economic cooperation throughout the asia pacific region.
3) World Trade organization(WTO)
It is an organization with 160 members and it is the responable for trade rules between nations at international level.
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