What Is the Role of the World Trade Organization

question 42

Multiple Choice

What is the role of the World Trade Organization?

• A) To stimulate negotiations among member nations and to adjudicate trade disagreements among member nations.
• B) To enforce U.S. trade laws globally throughout 160 member nations.
• C) To restrict the flow of goods across borders in order to promote and protect domestic trade among member nations.
• D) To promote standardized trade laws globally.
• E) To create model trade treaties such as NAFTA and GATT to help establish conditions of global trade.

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Definitions:

Past Experience

Previous events or knowledge gained through earlier involvement in similar or related activities, influencing one's current behavior and decisions.

Emotional Signals

Expressions or manifestations of one's feelings that communicate emotional states to others, often non-verbally.

Expectancy Theory

A motivational theory that suggests an individual's motivation is related to their expectation of achieving desirable outcomes as a result of their efforts and the value they place on those outcomes.

Employee Motivation

The intensity of zeal, loyalty, and originality that workers in a company demonstrate in their positions.