International Organizations

a group of countries that trade without restrictions or tariffs

• free enterprise

• NATO

• free trade

• common market

How many countries belong to the EU today?

• 37

• 50

• 27

• 19

Which is an example of a common market?

• United Nations

• European Union

• NATO

• International Criminal Court

Why is the EU important?

• because it was established to increase economic collaboration and end wars between member countries

• because it was established to foster collaboration between all member and nonmember countries

• because it was established to ensure the stability between countries

• because it is the European Union and they are just cool

How many countries does the World Bank consist of?

• 190

• 189

• 170

• 169

The World Bank helps who?

• Americans in need

• Anyone in need

• Nobody

• Children in need

Why was the World Bank first established?

• To promote the International Trade

• To reconstruct the economies damaged during the Second World War

• To fund countries in need

• None of the above

The GATT was based on the following principles

• Non-discrimination

• Elimination of non-tariff trade barriers

• Consultations to resolve trade disputes

WTO helps in the implementation and administration of international trade agreements. What is this function?

• It facilitates co-operation with other international organisations

• It monitors national trade policies

• It administers WTO trade agreements

• It provides a forum for trade negotiations

• It handles trade disputes

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