Which of the following statements about the World Trade Organization (WTO)is most accurate?
A)The WTO acts as an agent in trade negotiations between its members and the remainder of the world.
B)The 119 member countries of the WTO account for less than 25 percent of world trade.
C)The WTO attempts to mitigate trade wars between countries.
D)The WTO uses legal scholars who can only issue nonbinding recommendations.
E)The WTO was formed by the United Nations.

Question

Quizplus · Accepted Answer

The WTO is a permanent institution that sets rules governing trade between its members through panels of trade experts who decide on trade disputes between members and issue binding decisions.The WTO reviews more than 200 trade disputes annually for the purpose of mitigating trade wars between countries.

Which of the Following Statements About the World Trade Organization