Refer to the Scenario Below to Answer the Following Questions

question 63

Multiple Choice

Refer to the scenario below to answer the following questions.
A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!
-You decide to start the speech by explaining how the Maastricht Treaty reshaped global competition by creating the __________.

• A) World Trade Organization (WTO)
• B) General Agreement on Tariffs and Trade (GATT)
• C) European Union (EU)
• D) European Economic Community (EEC)
• E) North America Free Trade Agreement (NAFTA)