The Main Institution Governing World Trade Is the

question 29

Multiple Choice

The main institution governing world trade is the

• A) World Trade Organization (WTO).
• B) General Agreement on Tariffs and Trade (GATT).
• C) Free Trade Organization (FTO).
• D) there is no organization that governs world trade.

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Definitions:

First-Impression Error

A cognitive bias where initial impressions about a person significantly influence perceptions and judgments about them later on, even in the face of contradictory evidence.

Interviewers

Individuals who conduct interviews, typically for the purpose of assessing qualifications and suitability of candidates for a position or for gathering information.

Golem Effect

A psychological phenomenon where lower expectations placed upon individuals either by themselves or others lead to poorer performance.

Expectations

Beliefs about what will happen in the future, often based on experience, understanding, or projections.