Which of the Following Statements Is True Regarding the World

question 20

Multiple Choice

Which of the following statements is true regarding the World Trade Organization (WTO) ?

• A) The WTO has been in place since 1947.
• B) The WTO coordinates its activities with GATT.
• C) It provides a dispute settlement body to promote the resolution of trade disputes.
• D) It has the ability to impose criminal penalties.

---

Definitions:

Code

Code refers to a systematic collection, compilation, or body of laws, rules, or regulations.

Cisg

The United Nations Convention on Contracts for the International Sale of Goods, a set of rules aimed to facilitate international trade by creating uniform legal norms.

Writing

The process of using symbols (letters of the alphabet, punctuation and spaces) to communicate thoughts or ideas in a readable form.

Common Law

A legal system based on precedent and jurisprudence, where the decisions of courts have significant weight in the interpretation of laws.