Which of the Following WTO Is Not Responsible For

question 17

Multiple Choice

Which of the following WTO is not responsible for?

• A)The General Agreement on Trade in Services (GATS)
• B)Agreements on trade-related aspects of intellectual property rights (TRIPS)and trade-related investment measures (TRIMS)
• C)The administration of a broad variety of international trade and investment accords
• D)Helping impoverished and developing nations

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Definitions:

Learning by Doing

The process of gaining skill or knowledge from direct experience or practice.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, which often leads to a reduced cost per unit of output.

Diseconomies of Scope

A situation in which a single firm producing multiple products has higher costs than if each product were produced by a separate firm.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, which often leads to a reduction in average cost per unit as scale is increased.