Which of the following is TRUE?

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) did create the World Trade Organization (WTO) through the negotiations and treaty known as the Uruguay Round. Option A is incorrect because a country experiencing a debt or currency crisis would contact the International Monetary Fund (IMF) rather than the World Trade Organization. Option B is incorrect because the World Trade Organization was formed from the GATT negotiations, which took place separately from the Bretton Woods Conference. Option D is incorrect because the WTO has the power to resolve trade disputes and enforce their resolution through the Dispute Settlement Understanding mechanism.

Which of the Following Is TRUE