Question: The world trading system can be characterized as a combination of levers and ratchets. In this analogy the levers represent A . the implementation of

The world trading system can be characterized as a combination of "levers" and "ratchets." In this analogy the "levers" represent
A. the implementation of binding tariffs which prevent backsliding.
B. international trade negotiations that push trade liberalization forward.
C. "sticks" that punish undesired behavior.The world trading system can be characterized as a combination of "levers" and "ratchets." In this analogy the "levers" represent
The world trading system can be characterized as a combination of

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