Describe the impact of each of the following goals from the


Question: Describe the impact of each of the following goals from the Hong Kong WTO meeting on

(i) domestic prices and welfare of the country taking the action and

(ii) world prices and welfare for the partner countries.

a. Elimination of agriculture export subsidies

b. Reduction of agricultural tariffs

c. Duty-free, quota-free access for 97% of goods originating in the world's least developed countries.

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Macroeconomics: Describe the impact of each of the following goals from the
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