Ask Question
14 October, 19:36

The World Trade Organization (WTO) has an important role in international trade. From the list below, select all statements about the WTO that are true. It is possible that more than one statement is true.

1. The WTO attempts to minimize barriers to trade.

2. The WTO encourages dumping behavior to lower costs for consumers.

3. The WTO assesses complaints of unfair trading from member countries.

4. The WTO is the world's largest government and may impose its decisions on countries that violate trade law.

+5
Answers (1)
  1. 14 October, 20:57
    0
    The correct answer are numbers (1) and (3) : The WTO attempts to minimize barriers to trade; The WTO assesses complaints of unfair trading from member countries.

    Explanation:

    The World Trade Organization (WTO) is a treaty created to promote fairness in international trading with a more participative role among the country members. The WTO replaced in 1995 the General Agreement on Tariffs and Trade (GATT) which was created under the same purpose - Among the main WTO goals, we can identify setting lower barriers to promote international trade and ruling unfair trading when it occurred.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The World Trade Organization (WTO) has an important role in international trade. From the list below, select all statements about the WTO ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers