Please Provide explainations 15) Walmart\'s decision to suspend its planned expa
ID: 377903 • Letter: P
Question
Please Provide explainations
15) Walmart's decision to suspend its planned expansion into India's huge but fragmented retail market due to obstacles put in place by the host nation to protect its mom-and-pop retailers is an example of ________.
A) tariffs
B) excise duties
C) quotas
D) nontariff trade barriers E) exchange controls
16) Which of the following is true of the World Trade Organization (WTO)? A) It was replaced by the GATT in 1995.
B) It increases tariffs and other international trade barriers.
C) It lacks the power to impose international trade sanctions.
D) It restricts the maximum number of member nations to 100. E) It mediates global trade disputes.
Explanation / Answer
15 D It is non tariff trade barriers like sanctions, embargo, restrictions, licence etc. which are put in place by the authorities of the host nation to protect the interests of their citizens and groups that will be potentially affected in absence of these.
16. E It mediates the global trade disputes arising between member countries through a dispute resolution mechanism.