Question : How does the World Trade Organization (WTO) contribute to resolving international trade disputes?
Option 1: By imposing sanctions on countries
Option 2: By providing military support
Option 3: By offering financial aid
Option 4: By facilitating negotiations and providing a legal framework
Correct Answer: By facilitating negotiations and providing a legal framework
Solution : Correct Option: 4 Explanation: The World Trade Organization (WTO) contributes to resolving international trade disputes by facilitating negotiations and providing a legal framework for dispute resolution among its member countries.
Question : What is one of the main roles of the World Trade Organization (WTO) in international trade?
Option 1: Regulating global oil prices
Option 2: Setting international labor standards
Option 3: Facilitating trade negotiations and agreements
Option 4: Providing financial aid to developing countries
Question : How does the World Trade Organization (WTO) promote trade liberalization?
Option 1: By imposing trade sanctions
Option 2: By reducing trade barriers
Option 3: By offering financial incentives
Option 4: By increasing import quotas
Question : What is a key function of the World Trade Organization (WTO) in relation to developing countries?
Option 1: Providing financial loans
Option 2: Offering technical assistance
Option 3: Imposing trade sanctions
Option 4: Regulating currency exchange rates
Question : Which of the following is not a type of international economic organization?
Option 1: World Trade Organization (WTO)
Option 2: International Monetary Fund (IMF)
Option 3: World Bank
Option 4: Organization of Petroleum Exporting Countries (OPEC)
Question : In what way do NGOs influence international policy-making?
Option 1: By imposing legal sanctions on countries
Option 2: By directly participating in government elections
Option 3: By lobbying and advocating for policy changes
Option 4: By controlling international trade agreements
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