From the Late 1940s Until the Creation of the WTO,the

question 14

Multiple Choice

From the late 1940s until the creation of the WTO,the organization that was primarily responsible for conducting rounds of trade negotiations was the

• A)World Bank.
• B)IMF.
• C)ITO.
• D)United Nations.
• E)GATT.

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Definitions:

Compromising

A conflict resolution strategy that involves finding a middle ground or mutually acceptable solution that somewhat satisfies both parties.

Win-lose

A competitive scenario where one party's gain is exactly balanced by another party's loss.

Implementing Agreement

The act of putting into practice or executing the terms and conditions of a settled deal or consensus.

Responsibilities

Duties and tasks that an individual or entity is required to perform or oversee.