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

A. The WTO attempts to minimize barriers to trade.

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

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

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

E. All Of The Above.

Question

Business

Rocco Frost

11 March, 21:08

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

A. The WTO attempts to minimize barriers to trade.

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

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

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

E. All Of The Above.

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Answers (1)

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Marcus · Answer 1

A) The WTO attempts to minimize barriers to trade.

C) The WTO assesses complaints of unfair trading from member countries.

Explanation:

Member countries of the WTO get together to negotiate the reduction of trade barriers, including import quotas and tariffs. WTO negotiations are called rounds, and they usually last a couple of years.

The WTO also resolves international trade disputes. Any member country can file a complaint against another member country, and the WTO will rule who is right and what measures can be taken.