Which of the following is included in world merchandise trade?
A. Service industry
B. Agricultural labor
C. Foreign services
D. Mining products
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____ have/has the most to gain from reductions in agricultural tariffs and subsidies that are a part of the Doha agenda.
A. The world's developed nations
B. The world's poorer nations
C. European nations
D. The United States
In 2009, the financial crisis in the United States was triggered by:
A. the global hike in the price of crude oil
B. the slowdown in U.imports
C. the problems in the U.subprime mortgage lending market
D. the artificial fixing of currency rate by China
Containerization allows:
A. reduction of the time needed to get from one location to another
B. simplification of transshipment from one mode of transport to another
C. buyers and sellers to find each other easily in a global economy
D. enterprises to coordinate and control a globally dispersed production system
The average tariff rates for manufactured goods have fallen significantly since 1950 and now stand at about _____.
A. 18%
B. 5.9%
C. 4.8%
D. 1.5%
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