Which of the Following Is True

question 18

Multiple Choice

Which of the following is true?

• A)A country experiencing a debt or currency crisis would contact the World Trade Organization.
• B)The World Trade Organization was formed at the Bretton Woods conference.
• C)The General Agreement on Tariffs and Trade created the World Trade Organization in the negotiations and treaty known as the Uruguay Round.
• D)The World Trade Organization has no power to resolve trade disputes and to enforce their resolution.

---

Definitions:

Neutral Third Party

A third party without any interest or bias in the outcome of a negotiation, dispute, or legal matter, whose role is to assist in reaching a fair resolution.

Settlement

An agreement reached between parties in a dispute, before or after legal action, that resolves the issues.

Choice-of-Law Clause

A provision in a contract specifying which jurisdiction's laws will be applied in interpreting the contract.

International Contract

An agreement between parties from different countries, often subject to international law or treaties.