The World Trade Organization promotes the:
A. lowering of barriers to cross-border trade and investment
B. development of poor nations through low-interest loans
C. state ownership of major enterprises
D. regulation of national economies
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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
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
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