Which Statement Is NOT True About the World Trade Organization

question 233

Multiple Choice

Which statement is NOT true about the World Trade Organization (WTO) ?

• A)The WTO provides the framework for complex negotiations involved in major international trade agreements.
• B)The WTO resolves disputes between member countries.
• C)The WTO is an international organization.
• D)The WTO is a direct enforcer of trade agreements.

---

Definitions:

Arc Elasticity

A method for calculating elasticity between two points on a demand curve using the midpoint formula.

Wheat Demand

The total quantity of wheat that consumers are willing and able to purchase at a given price level.

Price Elasticity of Demand

A measure of the responsiveness of the quantity demanded of a good to a change in its price.

Bushel of Wheat

A unit of measure for volumes of dry commodities, typically used in agriculture for wheat, equivalent to approximately 35.24 liters.