For almost 70 years international trade policies have been governed
A) by the World Trade Organization.
B) by the International Monetary Fund.
C) by the World.
D) by an international treaty known as the General Agreement on Tariffs and Trade (GATT).
E) by the North American Free Trade Agreement (NAFTA).

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) was established in 1947 to govern international trade policies. It was later replaced by the World Trade Organization (WTO) in 1995, which continued to govern international trade policies. Therefore, option A is also partially correct. However, GATT was the primary governing body for almost 50 years, making option D the best choice. Options B and E are incorrect as they do not govern international trade policies. Option C is too broad and vague.

For Almost 70 Years International Trade Policies Have Been Governed