The WTO (World Trade Organization)______.
A)replaced the GATT in 1945
B)governs trade in goods but not services
C)has opened up markets for regulated industries (e.g.,agriculture and textiles)
D)is governed by NAFTA

Question

Quizplus · Accepted Answer

The WTO has played a role in opening up markets for regulated industries such as agriculture and textiles. It did not replace the GATT in 1945 (it was established in 1995), it governs both trade in goods and services, and it is not governed by NAFTA.