Which of the Following Statements About the World Trade Organization

question 213

Multiple Choice

Which of the following statements about the World Trade Organization (WTO) is most accurate?

• A)The World Trade Organization was formed in 2008 to response to the global recession.
• B)By mid-2013, there were 159 WTO member countries, including the United States, which account for more than 90 percent of world trade.
• C)The WTO sets rules governing trade between member and nonmember countries of the world.
• D)The WTO uses panels of trade experts who can issue non-binding recommendations.
• E)The WTO was formed by the United Nations.

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Definitions:

Risk And Change

Pertains to the inherent dangers and modifications that can occur in any business or personal scenario, impacting outcomes and strategies.

Values

Core beliefs or standards that guide behavior and decision-making processes in individuals or organizations.

Evaluating Information

The process of critically assessing the validity, relevance, and reliability of data or facts.

Problem-solving

The process of identifying a challenge or problem, analyzing the components, and creating solutions to address it.