To explain the growth in free trade after World War II, barriers to increased free trade can only be overcome when a single state is powerful enough to persuade other states to go along. This is called the
a. costs and adjustments theory.
b. regionalization theory.
c. liberal trade theory.
d. hegemonic stability theory.
The first step in the World Trade Organization (WTO) dispute settlement process is
a. debate.
b. discussion.
c. consultation.
d. preparation.
The goal of the World Trade Organization (WTO) dispute settlement process is to
a. punish the offending member.
b. determine right and wrong.
c. mediate conflict.
d. enforce American economic values and enhance the economic position of the United States in the world.
The primary change from the General Agreement on Tariffs and Trade (GATT) to the World Trade Organization (WTO) focused on the ability of the WTO to
a. penalize the United States for any trade violation.
b. prohibit certain countries from seeking penalties against other countries.
c. allow states to challenge each other's laws at the WTO.
d. create an international trade police that was permitted to examine imported goods.
The General Agreement on Tariffs and Trade (GATT) dispute resolution mechanism was criticized by weaker and poorer countries for all of the following reasons except
a. the United States enacting of high tariffs on goods from poor nations.
b. the dispute resolution process was too slow.
c. the dispute mechanism did not contain strong enforcement measures.
d. weaker countries were forced by the United States to accept certain decisions.
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