The World Trade Organization

question 41

Multiple Choice

The World Trade Organization

• A) was established to settle trade disputes within the European Union.
• B) is another name for the IMF.
• C) was established to resolve disputes arising under world trade rules.
• D) increases world trade by providing interest rate subsidies to foreign borrowers who buy U.S. exports on credit.

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Definitions:

Thermodynamics

The branch of physics that deals with the relationships and conversions between heat and other forms of energy.

Second Law

An ambiguous term that may refer to the second law of thermodynamics, which states that the entropy of an isolated system not in equilibrium almost always increases.

Thermodynamics

The branch of physics that deals with the relationships between heat and other forms of energy, and how they affect matter.

Potential Energy

The energy possessed by a body by virtue of its position relative to others, stresses within itself, electric charge, and other factors.