Please review the WTO information and read the two articles listed below.

Josh Hawley, "The WTO Should be Abolished," New York Times, 5/5/20

RepHawley WTO Should be Abolished NYT 5may20.pdfDownload RepHawley WTO Should be Abolished NYT 5may20.pdf

Simon Lester, "Hawley's Many Misunderstandings of the WTO," Cato Institute, 5/5/20

Lester Hawleys Many Misunderstandings of the WTO Cato Inst 5may20.pdf

Q1) In his article, Rep. Hawley argues that the WTO is a "major departure" from "the economic system it replaced," which was "created by America and its allies." Based on your readings of the history of the WTO, who created it?

Group of answer choices

The WTO has been created and funded by a small group of wealthy industrialists.

The WTO was established the legislature of the European Union.

The WTO is an extension of the General Agreement on Tariffs and Trade (GATT), which was created after World War II by the United States and its allies.

The WTO was created by European nations (not including the United States) who were fighting the Soviet Union.

Q2) In his op-ed, Rep. Hawley argues that the WTO policies have benefited ________________ at the expense of _________________.

Group of answer choices

wealthy countries; poor countries

industrialized nations; agricultural nations

militarily powerful nations; militarily weak nations

China; the United States

q3) In his op-ed, what does Rep. Hawley recommend as a replacement to the WTO?

Group of answer choices

A network of reciprocal trade agreements that provide mutual benefit to the members of the agreement.

A new institution that would have more authority than the WTO.

A Chinese-led initiative to promote industrialization in Africa and other developing nations.

Autarky

q4) In his article, how does Simon Lester describe the WTO and its central mission?

Group of answer choices

An organization through which the member nations can create reciprocal and mutually advantageous trade policies.

An organization that independently manages the global economy.

An organization that allows some nations the maintain trade barriers while preventing other nations from doing so.

An organization that is run by China for the benefit of the Chinese economy.

q5) In his article, what is Simon Lester's recommendation about U.S. participation in the WTO?

Group of answer choices

He agrees with Rep. Hawley that the United States should withdraw from the WTO.

He believes that the United States should stay in the WTO, even though it means the U.S. exports face higher tariffs in China.

He believes that the United States should stay in the WTO, because withdrawal will cause U.S. exports to face higher tariffs in China.

He recommends that the United States stay in the WTO and work to dismantle it as an organization.