Which of the Following Statements Is True of the World

question 89

Multiple Choice

Which of the following statements is true of the World Trade Organization?

• A) It is administered by the International Court of Justice.
• B) It is authorized by the Security Council.
• C) It has the authority to regulate world trade in any manner it desires.
• D) It restricts tariffs on textiles, apparel, and forest products.
• E) It funds the International Monetary fund.

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Definitions:

Effective Rate

The interest rate on a loan or investment, adjusted for the effect of compounding over a given period.

Compounded Quarterly

Generating interest on both the initial principal and previously earned interest every three months.

Annual Inflation Rate

The percentage increase in the price of goods and services over a one-year period, reflecting the decreasing purchasing power of a currency.

Purchasing Power

The measure of what one unit of currency can buy in terms of goods or services.