Connected World through Trade

What was the forerunner of World Trade Organization?

• General Agreement on Tariffs and Trade (GATT)

• Bretton Woods Institutions

• International Trade Organization (ITO)

• None is correct

Which of the following is a main function of WTO?

• Reviewing national trade policies

• Administering trade agreements

• Settling trade dispute

• All is correct

What areas in trade do WTO Agreements not cover?

• Intellectual Property

• Rules of Origin

• Technical Barriers to Trade

• Financial Measures

NAFTA is an agreement between all of the following countries EXCEPT

• United States
• Mexico
• Great Britain
• Canada

Free trade means 

• the countries use the same currency
• No trade barriers
• there is a quota on some goods
• trade is quick and easy

NAFTA was signed by the three countries in 

• 2004
• 1984
• 1994
• 2014

What does NAFTA stand for?

• North American Federation Trading Act

• North America Fur Trade Agreement

• North America Free Trade Agreement

• Northern Africa Free Trade Act

Which countries are included in the NAFTA deal? (Select all that apply)

• Mexico

• USA

• Alaska

• Canada

• Greenland

Which leaders signed the original NAFTA deal?

• Daniel Hernandez, Tyler Gregory Okonma ,Miles Parks McCollum

• Pierre Trudeau. Bill Clinton , Felipe Calderón

• Brian Mulroney, Carlos Salinas, George W. Bush

• Ricky, Bubbles and Mr. Lahey

Why was OPEC created?

• To regulate the supply and price of oil
• to help the Palestinians in their problems with Israel
• to design new machinery to get oil out of the ground
• to keep countries that are not members from producing any oil