Identify a true statement about the World Trade Organization.
A) It came about as a result of negotiations in the 2000s.
B) It was established to rescue countries from financial crises.
C) It ensures that member nations impose the minimal number of restrictions on each other.
D) It focuses on preventing war by promoting economic development in poor countries.

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) was established to oversee and liberalize international trade. One of its core functions is to ensure that trade flows as smoothly, predictably, and freely as possible, which includes working towards reducing trade barriers and restrictions among member countries.

Identify a True Statement About the World Trade Organization