Which of the Following Is a Power of the WTO

question 32

Multiple Choice

Which of the following is a power of the WTO?

• A)It can restrict the membership of nations in other supranational organizations such as the United Nations.
• B)It can grant loans to cash-strapped governments in poor nations.
• C)It supersedes IMF and has complete authority over IMF's actions.
• D)It can issue a ruling instructing a member-state to change trade policies that violate GATT regulations.
• E)It can make decisions related to international trade without considering the collective interests of member-states.

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Definitions:

Accumulated Depreciation

Accumulated Depreciation is the total amount of depreciation expense that has been allocated to a tangible asset since it was put into use, reducing its book value.

Carrying Amount

The net amount at which an asset or liability is recognized in the balance sheet, after deducting any accumulated depreciation, amortization, or impairment.

Cost

The amount of money or resources expended to acquire an asset, produce goods, or offer a service.

Intangible Asset

This is an asset that lacks physical substance, such as patents, trademarks, and goodwill, yet offers economic value to its owner.