Asked by Michael Thamms on Jun 13, 2024
Verified
The World Trade Organization:
A) is the primary member of the North American Free Trade Agreement.
B) resolves disputes between member nations arising from alleged violations of previous agreements dealing with international trade.
C) is a world government with its own army.
D) lends money to developing countries.
World Trade Organization
An international body that deals with the rules of trade between nations, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.
International Trade
The exchange of goods and services between countries, driven by comparative advantages.
- Understand the duties and activities of the World Trade Organization (WTO) in managing international trade agreements and adjudicating trade disagreements.
Verified Answer
AO
Amber O'FallonJun 18, 2024
Final Answer :
B
Explanation :
The World Trade Organization (WTO) is responsible for resolving disputes between member nations that arise from alleged violations of previous agreements dealing with international trade. It is not a member of the North American Free Trade Agreement and does not have its own army. It also does not lend money to developing countries.
Learning Objectives
- Understand the duties and activities of the World Trade Organization (WTO) in managing international trade agreements and adjudicating trade disagreements.