The _____ was a multilateral agreement,created in 1948,governing the international trade of goods (merchandise).
A) WTO
B) GATT
C) UN
D) EU

Question

The _____ was a multilateral agreement,created in 1948,governing the international trade of goods (merchandise).
A) WTO 
B) GATT 
C) UN 
D) EU

Quizplus · Accepted Answer

GATT (General Agreement on Tariffs and Trade) was created in 1948 as a multilateral agreement governing international trade of goods. The World Trade Organization (WTO) replaced GATT in 1995. The UN (United Nations) is an international organization focused on global cooperation and peacekeeping, while the EU (European Union) is a political and economic union of European countries.

The _____ Was a Multilateral Agreement,created in 1948,governing the International