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provide examples as to how the various trade barriers/tariffs effect international trade. For example why do certain countries have certain tariffs or non-tariff barriers?
What motivates countries to join regional trade blocs?
A. removing barriers to trade protects from the influence of foreign markets.B. increasing tariffs adds to the national GDP.C. eliminating barriers to trade benefits the economies of member nations.D. expanding trade relationships reduces cultural diffusion.
14. The _________________________________, was established in 1947 to provide a forum in which nations could come together to negotiate reductions in tariffs and other barriers to trade.
a. World Trade Organization(WTO)
b. General Agreement on Tariffs and Trade (GATT)
