The World Trade Organization (WTO) _____

Question

Quizplus · Accepted Answer

The WTO deals with various trade-related aspects, including intellectual property.

Answer: D 
 WTO member countries are required to eliminate ad valorem tariffs but not necessarily specific tariffs.

All other choices are incorrect:

A is incorrect because WTO members are required to eliminate both quotas and tariffs according to the organization's principles.

C is incorrect because the WTO includes countries from all over the world, not just those mentioned.

E is incorrect because the WTO includes countries regardless of their population size, and North Korea and Cuba are both members (although they have limited participation).