The _____ was established on October 24, 1945, by 51 countries committed to preserving peace through international cooperation and collective security.
A. World Trade Organization
B. United Nations
C. G20
D. World Bank
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The G20 was originally established to:
A. preserve peace through international cooperation and collective security
B. maintain order in the international monetary system
C. formulate a coordinated policy response to financial crises in developing nations
D. manage, regulate, and police the global marketplace
____ occurs when a firm exports goods or services to consumers in another country.
A. International trade
B. Foreign direct investment
C. Inward investment
D. Outsourcing
Which of the following is true regarding the WTO?
A. WTO stands for World Transition Organization
B. The WTO was succeeded by GATT
C. As of 2015, the WTO has 160 members
D. The WTO is policed by the United Nations
Which of the following is focused on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments?
A. The WTO
B. The GATT
C. The World Bank
D. The IMF
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