In your opinion what are disadvantages and advantages of developing countries when they are WTO members? How should developing countries make the best use of their WTO membership?

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

"ellie purchases an insurance policy on her life and names her brother, jason, as the beneficiary. ellie pays $32,000 in premiums for the policy during her life. when she dies, jason collects the insurance proceeds of $500,000."

For effective internal control, employees maintaining the accounts receivable subsidiary ledger should not also approve a. cash disbursements. b. employee overtime wages. c. credit granted to customers. d. write-offs of customer accounts.