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