Which of the Following Indicates the Difference Between GATT and WTO

question 4

Multiple Choice

Which of the following indicates the difference between GATT and WTO?

• A)WTO has strict time limits unlike GATT.
• B)WTO operates on the basis of consensus unlike GATT.
• C)GATT gives trading partners the right to compensation or,in the last resort,to impose (commensurate)trade sanctions unlike WTO.
• D)GATT's verdict is binding unlike that of WTO's.
• E)WTO allows member-countries to block adoption of arbitration reports unlike GATT.

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Definitions:

Reflective Decision Making

A process involving thoughtful consideration of various options and consequences before making a decision.

High Quality

A characteristic of something that meets or exceeds established standards of excellence or merit.

Evolutionarily Advantageous

Traits or behaviors that increase an organism's chances of survival and reproduction in a particular environment.