World Trade Organization

World Trade Organization

Assessment

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Social Studies, Business

4th Grade - University

Hard

The World Trade Organization (WTO) is the sole international body overseeing global trade. It facilitates smooth and free trade between nations, allowing countries to profit from exports and benefit from imports. Founded in 1995, the WTO has 159 member countries as of 2013. Its core principles include non-discrimination, freer trade, and fair competition. The WTO organizes trade negotiations, aids economic development, and resolves trade disputes. It aims to improve member nations' welfare by promoting smooth trade without negative impacts.

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5 questions

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1.

MULTIPLE CHOICE

30 sec • 1 pt

What is the primary role of the World Trade Organization?

2.

MULTIPLE CHOICE

30 sec • 1 pt

Which country was a founding member of the WTO?

3.

MULTIPLE CHOICE

30 sec • 1 pt

What does 'trade without discrimination' mean in the context of the WTO?

4.

MULTIPLE CHOICE

30 sec • 1 pt

Which of the following is NOT a restriction on trade mentioned in the WTO principles?

5.

MULTIPLE CHOICE

30 sec • 1 pt

What is one of the functions of the WTO's general council?