The WTO Exists to

question 96

Multiple Choice

The WTO exists to

• A) establish and help implement rules of trade among nations to increase trade flows.
• B) monitor and reduce the amount of trade from developing nations to developed nations.
• C) ensure that the Industrial Revolution continues to support the economies of developed nations.
• D) encourage development of trade barriers.

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Definitions:

Effective Control

The ability to direct the strategic outcomes of a process or organization, typically through majority ownership or other mechanisms of influence.

Widely Held Companies

Corporations owned by a large number of shareholders, meaning ownership is dispersed rather than concentrated.

Ownership

The state or fact of owning something, typically referring to having the legal right and control over property, assets, or a company.

Call Option

The right to purchase a stock at a specified price over a designated period of time. See Option. Compare with Put option.