If a small country wants to buy aircraft from the United States and the United States wants to export its aircraft, the United States may work through ____ in removing preset trade barriers so that the small country can more easily purchase the aircraft.
A) GATT
B) IMF
C) WTO
D) EU
E) MDB

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) works to remove trade barriers and promote international trade. It is the most relevant option in the given scenario. GATT (General Agreement on Tariffs and Trade) was a precursor to the WTO, the IMF (International Monetary Fund) deals with global monetary cooperation, the EU (European Union) is a political and economic union of European countries, and MDBs (Multilateral Development Banks) provide loans and technical assistance to developing countries.

If a Small Country Wants to Buy Aircraft from the United