International trade in services is determined by what factors?

International trade in services is determined by what factors?

Although tariffs may improve the welfare of a single nation, the world’s welfare may decline. Under what conditions would this be true?

Concerning international dumping, distinguish between the price- and cost-based definitions of foreign market value. Distinguish then between sporadic, predatory’, and persistent dumping.

Under the Tokyo Round of trade negotiations, what were the major policies adopted concerning nontariff trade barriers? What about the Uruguay Round?

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