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There are three categories of support measures that are not subject to reduction under agreement and support within de-minimis. (under de-minimis provision, there is no requirement to reduce support if it falls under a certain limit; 10%for developing countries). (i) Green Box Subsidies: Measure which has minimum impact on trade, which meet the basic and policy specific criteria. Example, Government assistance on research, training, extension, pest and disease control, domestic food aids etc. (ii) Blue Box Subsidies: Direct payments under production limiting programmes comes under these. These are relevant for developed countries point of view only. (iii) Special and Differential treatment (S&D Box): Developing countries measures otherwise subject to reduction which meet the criteria set out in paragraph 2 of article 6 of the agreements comes under it. Example investment subsidies (generally for agriculture) and agricultural input services available to low income and poor producers in developing countries. The subsidies that are trade distorting comes under ‘Amber box’ and are covered under reduction commitment of WTO
The devaluation of a country’s currency will lead to an improvement in its balance of trade with the rest of the world only if
The concept of vicious circle of poverty is associated with
Which of the following statements about graphs of short-run cost curves is false?
For the 2 variables x and y with the same mean, the regression equation are y = 5x+b and x=7y +c. Calculate b/c
If the money supply grows 5 per cent, and real output grows 2 per cent, prices should rise by
Whenrxy>0,thenbyxandbxyareboth:
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then the number of pure strategy Nash Eq...
In the context of lexicographic utility functions, which of the following scenarios is impossible?
Economists generally believe that making assumptions is
Consider sample of 8 observation and regress Y on X and find the standard error of regression