Which of the following is correct about the World Trade Organization?

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) was created in 1995, not in the 1940s (A). The WTO has adopted a judicial-based dispute resolution system, which replaced the politically-oriented system in place previously (B). The dispute settlement body consists of representatives from all WTO member countries, so it is not true that only a few nations have a representative on the body (C). Parties to a dispute do not have a veto power over any decision reached by the WTO; however, they do have the right to appeal any decision made (D). China has been a member of the WTO since 2001, so it is not true that it has not been admitted to the organization (E).

Which of the Following Is Correct About the World Trade