Chapter 40 WTO

Chapter 40 WTO

Multiple Choice

What does WTO stand for?

• World Trade Organisation
• World Telecoms Organisation
• We Trade Oranges
• World Tarriff Office

Multiple Choice

Where is the WTO Headquarters?

• New York

• Brussels

• London

• Geneva

Multiple Choice

When was the WTO set up?

• 1980

• 1995

• 1945

• 1949

Multiple Choice

How much of the world's trade is covered by the WTO?

• 75%

• 100

• 10%

• 95%

• 65%

Multiple Choice

What is the most important job of the WTO?

• Resolve trade disputes
• Set oil prices
• Support developing countries
• Decide on border disputes

Multiple Select

Which of these problems are faced by developing countries who use the WTO?

• Lack of sufficient numbers of delegates

• Less expertise in specific areas

• Can be dominated by more developed countries

• Are not allowed to access all elements of the WTO

• Large legal costs in long disputes

Multiple Choice

What is the goal that member countries of the World Trade Organization want?

• Raising living standards

• Ensure adequate job creation, steady growth of income and real needs

• Develop the use of the world's resources

• All 3 options above