Which of the Following Statements About the World Trade Organization

question 23

Multiple Choice

Which of the following statements about the World Trade Organization is incorrect?

• A) The World Trade Organization was founded in 1995.
• B) The World Trade Organization is a forum for enforcing international rules promoting free trade.
• C) The United States dropped out of the World Trade Organization in 2004 over a disagreement about steel tariffs.
• D) The World Trade Organization has had multiple controversies over agricultural subsidies.
• E) The World Trade Organization grew out of the General Agreement on Tariffs and Trade.

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Definitions:

Life Expectancy

The average period that an individual is expected to live, based on statistical averages of age, gender, and other factors.

Lurking Variable

A variable that is not directly measured or included in a study but can affect the relationship between the studied variables.

Per Capita Wealth

The average amount of wealth per person in a specific population or area, calculated by dividing total wealth by the population size.

Association

A relationship or connection between two or more variables, where changes in one variable might be related to changes in another.