Which of the Following Organizations Has the Power to Enforce

question 50

Multiple Choice

Which of the following organizations has the power to enforce the new trade accord that evolved out of seven rounds of General Agreement on Tariffs and Trade (GATT) negotiations, with more than 140 nations participating?

• A) the European Union
• B) the North American Free Trade Agreement
• C) the World Trade Organization
• D) the South American Common Market

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Definitions:

Hedging

A financial strategy used to reduce or limit the risk of price movements in commodities, currencies, or securities, by taking an offsetting position in a related security.

Currency Exchange

The process of exchanging one country's currency for another, affecting international trade and investments due to fluctuating exchange rates.

Price Risks

The uncertainty and potential financial loss associated with changes in the price of goods, services, or commodities.

Production

The process of creating goods or services, involving tasks such as design, raw material procurement, fabrication, assembly, and testing.