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) An essential function of the WTO is stabilizing international money exchange rates.
C) Only developed nations are granted membership into the WTO.
D) The WTO's main function is to help the 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 WTO is indeed the only international organization that deals with the global rules of trade between nations. The other options are incorrect: A) The WTO is a separate and independent organization, not a branch of the U.S. government. B) The WTO's primary function is to supervise and liberalize international trade, not monetary policy. C) Both developed and developing nations can become members of the WTO. D) While the WTO aims to promote growth and development, it does not have a specific mandate to help the least developed countries.

Which of the Following Statements About the World Trade Organization