Which of the following statements is true of the World Trade Organization (WTO)?
A) It ensures that trade between nations flows as predictably and freely as possible.
B) It transforms different economies and currencies into one common economic market.
C) It aims to create a unified South America by permitting free movement between nations.
D) It aims to establish regions in Europe as a single market by eliminating all tariffs by 2019.

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) does not transform economies into a common economic market nor aim to create a unified South America. Its main goal is to promote and ensure free and predictable trade between nations. As for eliminating tariffs in Europe, this is a goal of the European Union, not the WTO.

Which of the Following Statements Is True of the World