The World Trade Organization is responsible for
ECONOMICS
JAMB 2011
The World Trade Organization is responsible for
- A. stabilizing and harmonization oil prices
- B. ensuring equal participation of countries in trade
- C. modernising world economies
- D. minimizing obstacles to international trade and investment
Correct Answer: D. minimizing obstacles to international trade and investment
Explanation
The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
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