242  TOPIC 9 FUTURE OF INTERNATIONAL BUSINESS

Assess your understanding by answering the following questions.

EXERCISE 9.3

1. The issue of national sovereignty will be a major obstacle in

international trade relations, because:
A. The countries involved are not willing to sacrifice their
domestic interests.
B. Higher levels of cooperation among countries can be attained.
C. Trade barriers will be eliminated.
D. Countries will place a higher priority on international
relations.

2. ChinaÊs admission to the World Trade Organization (WTO) is seen

as having no negative effects to either the developed or developing
countries.
A. True
B. False

3. The World Trade Organization (WTO) is a forum for negotiations

where disputing member countries can settle their political
differences.
A. True
B. False

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