Which multilateral treaty became the basis for the international trading system from 1947 until the formation of the World Trade Organization (WTO) in 1995?Group of answer choicesInternational Chamber of CommerceGeneral Agreement on Tariffs and TradeInternational Trade OrganizationNone of the above.Next

Multiple Choice QuestionWhat institution is now in charge of overseeing multilateral trade agreements and ruling on disputes relating to them?Multiple choice question.The World Trade Organization (WTO)The General Agreement on Tariffs and Trade (GATT)The United Nations (UN)The North Atlantic Treaty Organization (NATO)

Which of the following is true of the World Trade Organization (WTO)?Group of answer choicesIts functions are governed by the Rome Statute.Its dispute settlement process is governed by an agreement known as the General Agreement on Tariffs and Trade.It is responsible for implementing and enforcing the rules of international trade between nations.It is the trade-dispute settlement body of the United Nations.

Which of the following organizations was created in 1995 by the Uruguay Round and is based in Geneva, Switzerland?Multiple Choicethe Federal Trade Commission (FTC)the World Trade Organization (WTO)the European Union (EU)General Agreement on Tariffs and Trade (GATT)

Multiple Choice QuestionWhich organization was established in 1947 to promote trade among member nations by eliminating trade barriers and fostering financial cooperation?Multiple choice question.The World BankThe International Monetary FundThe General Agreement on Tariffs and TradeThe World Trade Organization

What is the underlying characteristic of the WTO?Group of answer choicesIt resolves disputes between economic trade blocksIt acts as an umbrella institution that regulates the agreements concluded at the Uruguay round, the organisation’s ultimate goal being the promotion of free international tradeIt facilitates economic co-operation between different countriesIt facilitates the development of less developed countriesNext