What is the World Trade Organization? What is its role in the world economy?
What will be an ideal response?
Ans: The World Trade Organization is the entity that is responsible for policing the international trading system. Their goal is to promote free trade and ensure that it happens fairly and predictably on a global scale. While it's a pretty daunting task, they have come up with a system that works fairly well for doing so, by negotiating agreements between most of the world's trading nations. If these nations break those agreements, the WTO has the authority to impose trade sanctions against them, and that tends to keep everyone in check.
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Which Act makes it illegal for U.S. citizens anywhere in the world to bribe foreign officials?
A. The International Anti-Bribery Act B. The Foreign Corrupt Practices Act C. The Sarbanes-Oxley Act D. The Foreign Investment and National Security Act
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Indicate whether the statement is true or false