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 (BBB-G)

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) fits the description of 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. The other options listed are not accurate descriptions of the organization referred to in the question.

Permanent Institution That Sets Rules Governing Trade Between Its Members