Which of the following statements about the World Trade Organization (WTO)is most accurate?
A)The World Trade Organization is a temporary institution.
B)The 168 member countries of the WTO account for less than 25 percent of world trade.
C)The WTO sets rules governing trade between its members and the rest of the world.
D)The WTO uses panels of trade experts who can issue nonbinding recommendations.
E)The WTO was formed by the major industrialized nations of the world.

Question

Quizplus · Accepted Answer

The major industrialized nations of the world formed the WTO in 1995 to address an array of world trade issues.The 162 WTO member countries,including the United States,account for more than 90 percent of world trade.The WTO is a permanent institution that sets rules governing trade between its members through panels of trade experts who decide on trade disputes between members and issue binding decisions.

Which of the Following Statements About the World Trade Organization