Paper 1 · Logical Reasoning
The WTO's belief in intellectual property and a liberalised trade regime is based on the assumption that
AThe modern economy bestows equal benefits on all
BA knowledge-based economy and globalization are reality ✓ Correct
CAll countries are equally well suited for modern trade
DRich countries will always help poor countries
Correct answer: (B) A knowledge-based economy and globalization are reality — The assumption is that a knowledge-based economy and globalization are reality, so that is the answer.
Explanation
★The assumption is that a knowledge-based economy and globalization are reality, so that is the answer.
★Protecting intellectual property makes sense only if knowledge drives the economy.
★Liberalised trade makes sense only if globalization is an accepted fact.
★So both policies presuppose these two conditions.
★The other options are neither assumed nor generally true.
★So the answer is that a knowledge-based economy and globalization are reality.
Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.
Shared by Mcqkart · via Mcqkart.in