A permanent institution that sets rules governing trade between its members through a panel of trade experts who decide on trade disputes between members and issue binding decisions is referred to as the __________.
A)League of Nations
B)World Trade Organization (WTO)
C)Association for Commerce Equity (ACE)
D)United Nations Board of Trade (UNBT)
E)Global Better Business Bureau

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) is a permanent institution that sets rules governing trade between its members and has a panel of trade experts who decide on trade disputes between members and issue binding decisions. The other choices are not actual institutions or organizations related to trade.

A Permanent Institution That Sets Rules Governing Trade Between Its