Which of the Following Replaced the General Agreement on Tariffs

question 19

Multiple Choice

Which of the following replaced the General Agreement on Tariffs and Trade (GATT) ?

• A)World Bank
• B)World Trade Organization
• C)International Monetary Fund
• D)North American Free Trade Commission

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Definitions:

Conciliation

A process of resolving disputes where an impartial third party helps disputing parties to reach a mutually agreeable solution without going to court.

Arbitration

A form of alternative dispute resolution where a neutral third party, known as an arbitrator, makes a decision to resolve a dispute outside of court.

Summary Judgment

is a legal decision made by a court without a full trial, granted when there is no dispute over the material facts of the case and one party is entitled to judgement as a matter of law.

Material Fact

Any fact that could influence a decision-maker's actions or decisions, especially in legal and financial contexts.