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Chapter 8: Problem 22

Which one of these statements best describes the complaints of the protesters at meetings of the WTO, IMF, and World Bank? (LO7) a) They opposed military aid to Third World dictatorships. b) They opposed trade with poor countrics because of the exploitative nature of that trade. c) They opposed free trade with nations whose people worked under sweatshop conditions and opposed ceding national sovercignty to an international group. d) They opposed strict environmental standards, which they felt would increase our cost of living.

Short Answer

Expert verified
Option C best describes the complaints of the protesters at meetings of the WTO, IMF, and World Bank, as it covers concerns on trade, labor rights, and national sovereignty related to the policies of these institutions.

Step by step solution

01

Analyze Option A

: Option A states that protesters opposed military aid to Third World dictatorships. While it may be a concern for some protesters, it does not specifically connect to the main institutions' trade and financial policies (WTO, IMF, and World Bank).
02

Analyze Option B

: Option B states that protesters opposed trade with poor countries because of the exploitative nature of that trade. This option does relate to the trade and financial policies and could be a possible reason for the protesters' complaints.
03

Analyze Option C

: Option C states that protesters opposed free trade with nations whose people worked under sweatshop conditions and opposed ceding national sovereignty to an international group. This option also relates to the trade and financial policies and also addresses concerns about labor and national sovereignty that are tied to the WTO, IMF, and World Bank policies.
04

Analyze Option D

: Option D states that protesters opposed strict environmental standards, which they felt would increase the cost of living. This option contradicts the typical stance of protesters who generally advocate for better environmental and labor protections.
05

Choose the Best Option

: Based on the analysis, option C best describes the complaints of the protesters at meetings of the WTO, IMF, and World Bank, as it covers the concerns on trade, labor rights, and national sovereignty related to the policies of these institutions.

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Most popular questions from this chapter

Which one of these is the most accurate statement that can be made about the issue of buying a product that is made with sweatshop labor? (LO7) a) All products made with sweatshop labor should be boycotted. b) Everyone should be encouraged to buy products made with sweatshop labor. c) Virtually all the goods we import are made with sweatshop labor. d) Although wages in sweatshops are very low, they are generally higher than workers could earn in other jobs.

Which is the most accurate statement? (LO4) a) The agricultural subsidies paid to American and European farmers have benefited farmers in poorer countries as well. b) Agricultural subsidies have been largely phased out since the turn of the century. c) Agricultural subsidies are a matter of great contention between rich and poor nations. d) Agricultural subsidies are paid by rich nations to poor nations.

Which statement would you agree with? (LO2) a) The exchange rate between the dollar and forcign currencies has no effect on our standard of living. b) The exchange rate between the dollar and forcign currencies affects our standard of living only when we travel abroad. c) Our standard of living is raised when we can get more yen, yuan, pounds, and euros for our dollars. d) Most Americans closely follow changes in the exchange rate between the dollar and foreign currencies.

Since the passage of NAFTA our trade deficit with Mexico has gone and our trade deficit with Canada has gone (LO7) a) up, up c) up, down b) down, down d) down, up

\(\mathrm{GI} P=\mathrm{C}+\mathrm{I}+\mathrm{G}+\mathrm{X}_{\mathrm{n}}\). If \(\mathrm{X}_{\mathrm{n}}\) were not included, our GDP would be (LO5) a) higher b) about the same c) lower
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