1) Discuss the formation of GATT and the issues that precipitated the formation of the
WTO (Post GATT).
2) Domestic transaction costs are qualitatively higher than international transaction
costs.
3) Brazil has the lowest level of informal investment in the world.
4) Market commonality refers to the degree of similarity between two rival’s products.
5) The New York Stock Exchange (NYSE) and NASDAQ have a lot of non-US firms
listed. This is an example of cross-listing.
6) Explain the concept of microfinance.