The WTO Arbitrates Trade Disputes Between Its Member States

question 11

Multiple Choice

The WTO arbitrates trade disputes between its member states. What is one power of particular interest that the WTO can use?

• A) It can restrict the membership of nations in other supranational organizations such as the United Nations.
• B) It can grant loans to cash-strapped governments in poor nations.
• C) It supersedes IMF and has complete authority over IMF's actions.
• D) It can issue a ruling instructing a member state to change trade policies that violate GATT regulations.
• E) It can make decisions related to international trade without considering the collective interests of member states.

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Definitions:

Relevant Expertise

Possession of skills and knowledge directly applicable and beneficial to a specific task, job, or field of study.

Confidential Employee Data

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Information Risk

The risk of loss due to the failure of an information system or from the unauthorized release, misuse, alteration, or destruction of information.

Cost-Benefit Analysis

A method of evaluating the relative advantages and disadvantages of a project or decision by quantifying its costs and benefits.