In World Trade Organization (WTO) negotiations, if a country agrees to reduce trade barriers (tariffs or quotas),

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In World Trade Organization (WTO) negotiations, if a country agrees to reduce trade barriers (tariffs or quotas), it usually refers to this as a concession to other countries. Do you think that this terminology is appropriate?

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Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Dec 19, 2015 05:33 AM

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In World Trade Organization (WTO) negotiations, if a country agrees to reduce trade barriers (tariffs or quotas),

Question:

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The word concession implies that when a country lowers its trade barriers it is giving ...View the full answer

Microeconomics

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