What are the major provisions of GATT
Expert
The major provisions of GATT include:
a. Tariff reductions will average 33 percent.
b. Services are included in the treaty’s trade rules.
c. Quotas on textiles and apparel imports will be replaced by tariffs and these, too, will be eliminated gradually.
d. Agriculture will also be affected with members agreeing to cut subsidies to agriculture and quotas on agricultural imports.
e. Intellectual property will be protected by international patent, trademark, and copyright agreements.
f. When fully implemented, experts estimate the GATT agreement will boost world GDP by $6 trillion or 8 percent, and U.S. consumers will save about $30 billion each year.
Describe unexpected deflation?
Adam Smith’s opinion of an “invisible hand” powerfully implies the meaning that: (w) pursuit of individual self interest must be controlled. (x) most people lose sight of what’s good for society. (y) most peopl
Define the term Mixed Economy and also state their advantages and disadvantages?
Fiscal Policy:Public or government finance is a field of economics. This deals with budgeting the revenues and expenditures of government (i.e., or public sector). It is regarding the identi
Write down the external factors which influencing the capital structure?
Speculation is unlike arbitrage since: (1) speculative buyers always break even. (2) speculation causes increased costs. (3) speculators bear no risk. (4) positive returns for speculators are not sure. (5) competitive speculation equa
An important drawback of "traditional yield spread analysis" is the "failure to take into account future interest rate volatility that would affect the expected cash flow" of a fixed income security. How does option adjusted spread analysis correct for the "failure" of traditional yield spread analy
Describe unequal burdens of unemployment exist?
The main advantage of using EVA is that it is simple to calculate and understand. It uses simple measures like operating profits and cost of capital terms which are widely known and accepted in the financial arena. It helps the managers to assess thei
Building blocks for a capitalist system would not consist of: (1) supplies and demands. (2) private property rights. (3) laissez-faire policies. (4) market-found prices and outputs. (5) distribution of income in accord along with the principle, &ldquo
18,76,764
1942116 Asked
3,689
Active Tutors
1450624
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!