The WTO Differs from GATT in That GATT

question 94

Multiple Choice

The WTO differs from GATT in that GATT:

• A)is an established institution based in Geneva that oversees the functioning of global markets.
• B)is an organization that deals with global rules of trade among nations.
• C)was established to assist developing countries with their trade policy issues through technical assistance and training.
• D)is a forum for trade negotiations, settling trade disputes and reviewing trade policies.
• E)was established to lower trade barriers that inhibited the flow of goods across borders.

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Definitions:

Leadership Contexts

The situations, environments, and conditions under which leadership is exercised and must adapt to be effective.

Predictive Value

The usefulness or relevance of information in forecasting and making accurate predictions about future outcomes or behaviors.

Social Judgment Competencies

The skills needed to make appropriate judgments in social situations, including understanding social cues and making decisions that consider the social context.

Emotional Intelligence

The ability to understand, manage, and convey one's own feelings, as well as to deal with relationships with others wisely and with empathy.