Which of the Following Statements About the World Trade Organization

question 143

Multiple Choice

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

• A) The World Trade organization is a temporary institution.
• B) The 153 member countries of the WTO account for less than 25 percent of world trade.
• C) The WTO sets rules governing trade among its members.
• 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:

Z-Scores

Standardized scores that indicate how many standard deviations an element is from the mean.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one.

Normal Distributions

An evenly balanced probability distribution centered around the mean, where data points close to the mean occur with greater frequency than those at a distance.

Normal Distributions

A bell-shaped probability distribution characterized by symmetry around the mean, describing many types of real-world data.