Which of the Following Statements About the World Trade Organization

question 206

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 in response to the global recession.
• B)The 12 member countries of the WTO account for approximately 55 percent of world trade.
• C)The WTO acts as an agent in licensing negotiations between its members and the remainder of the world.
• D)The WTO uses panels of trade experts who can issue binding decisions.
• E)The WTO was formed by the United Nations.

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Definitions:

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