¿Trump tiene razón sobre las prácticas comerciales injustas?

The video discusses the complexities of global trade, focusing on issues like cheating by countries such as China and the role of the WTO in maintaining fair trade practices. It highlights the economic impacts of trade, including job creation and consumption, and explains the inefficiencies of tariffs. The WTO's role in resolving trade disputes is emphasized, along with the intricacies of global supply chains, suggesting that trade issues are complex and long-lasting.

What is the primary role of the WTO in global trade?

• To negotiate trade deals

• To promote domestic industries

• To act as a global trade regulator

• To impose tariffs on countries

How does better trade generally affect the macro economy?

• It leads to fewer jobs

• It results in higher tariffs

• It decreases consumption

• It creates a virtuous economic cycle

What is a common misconception about trade wars?

• They have no consequences

• They are beneficial for all parties

• They are easy to manage

• They resolve quickly

What is a trade tariff often considered as?

• A transfer of wealth from producers to consumers

• A transfer of wealth from consumers to producers

• A way to increase consumer surplus

• A method to decrease producer surplus

Why is there no clear right or wrong answer in global trade issues?

• Due to the lack of international regulations

• Due to the uniformity of trade practices

• Because of the simplicity of global supply chains

• Because of the complexity and integration of global supply chains