Which of the following statements about the World Trade Organization (WTO)is true?
A)The WTO is a branch of the U.S.government.
B)Only countries that belong to established economic communities are granted membership in the WTO.
C)Only developed nations are granted membership to the WTO.
D)The WTO's main function is to help least developed countries grow their economies.
E)The WTO is the only international organization that deals with the global rules of trade between nations.

Question

Quizplus · Accepted Answer

The statement that "The WTO is the only international organization that deals with the global rules of trade between nations" is true. The other statements are all false. The WTO is not a branch of the U.S. government, membership is open to any country that meets the necessary criteria, including developing nations, and the WTO's main function is to facilitate trade and resolve disputes, not specifically to help least developed countries.

Which of the Following Statements About the World Trade Organization