What is the WTO? What is its role in the world economy?
What will be an ideal response?
The World Trade Organization (WTO) was founded in 1995 . It is headquartered in Geneva, Switzerland, and had 153 member countries in 2010 . Whereas GATT was a set of rules, the WTO is an institutional body. The WTO expanded its scope from traded goods to trade within the service sector and intellectual property rights. Various WTO agreements set the legal ground rules for international commerce to hopefully ensure that the multilateral trading system operates smoothly. They are negotiated and signed by a large majority of the world's trading nations, and the agreements are ratified in the parliaments of the member countries. If there is a trade dispute between countries, the WTO's dispute settlement process helps interpret the agreements and commitments, and it ensures that countries' trade policies conform to them.
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An emotional response that can take various forms such as feelings of regret, fear, or anxiety is:
A) Saturday-morning syndrome B) buyer's high C) buyer's remorse D) closing reluctance E) closing reserve
The unborn young of stock animals are considered future goods
Indicate whether the statement is true or false