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

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 role do new international economic organizations play in global trade?

Option 1: They solely focus on military alliances

Option 2: They facilitate cooperation and dialogue on trade issues

Option 3: They enforce trade sanctions on countries

Option 4: They prioritize cultural exchanges over economic issues

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 : Case Study 11:

LMN Enterprises is a multinational company operating in multiple countries. It is facing challenges due to changes in trade agreements and tariffs between countries.

Q:- How can understanding the political environment help LMN Enterprises in dealing with changes in trade agreements and tariffs?

Option 1: By seeking government subsidies

Option 2: By finding alternative suppliers

Option 3: By forming strategic alliances with foreign companies

Option 4: By reducing the workforce