CBA 300- quiz A

Is the WTO's idea of "fair competition" really a code phrase for free trade?

Not really. Trade relationships among nations can be exceedingly complex, and the WTO supports fair competition, which may mean freer trade rather than free trade

USMCA maintains restrictions on the movement of labor. This is

Within the scope of a free trade area

The Chinese concept of guanxi is an example of

an informal, cognitive institution.

The purpose of the International Financial Corporation (IFC) is to invest in companies and financial institutions in developing countries to build

domestic capital markets

Which type of institution operates through laws and regulations, with coercion as the regulative mechanism?

formal

The Bali Package, proposed in 2013, focuses in part on

market access for goods from the least-developed countries

The IBRD is a major institution of the World Bank whose function is to loan to

middle-income and creditworthy poor nations

The World Trade Organization is an example of an institution that "propagate(s) principles, and broadly represent(s) "humanity"." As such, the WTO is a(n) _____ institution.

normative

ASEAN+3 is

the 10 ASEAN nations plus China, Japan, and South Korea

The UN's international Court of Justice is also known as

the World Court