Which of the Following Institutions Was Established Following World War

question 34

Multiple Choice

Which of the following institutions was established following World War II to regulate the trade between countries?

• A) WTO, World Trade Organization
• B) GATT, General Agreement on Tariffs and Trade
• C) UN, United Nations
• D) EU, European Union

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Definitions:

Trade Activities

Various operations and transactions involved in the buying, selling, or exchange of goods and services between businesses, countries, or entities.

Formal Agreement

A legally binding contract or document specifying the terms and conditions of an arrangement between parties.

Cultural Dimensions

The aspects of culture that influence people's values, behaviors, and communication styles, often used in cross-cultural comparison and analysis.

Indulgence

Refers to the act of allowing oneself to enjoy the pleasure of luxury or leisure items or experiences, often seen as treats or rewards.