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

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