Which of the following statements about the World Trade Organization (WTO) is FALSE?
A) The WTO is a development of the General Agreement on Tariffs and Trade (GATT) .
B) The WTO is the main world organization governing rules of international trade.
C) The WTO has worked to increase tariff rates in an effort to protect infant industries in developing countries.
D) The WTO makes an effort to ensure that trade flows smoothly and predictably.
Correct Answer:
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