Which of the following is a criticism of the WTO?
A. It lacks the power to enforce its decisions on trade disputes B. It gives too much power to developing countries C. It mainly benefits only large multinational companies and…
Which of the following is the largest contributor to the WTO’s budget?
A. United States B. European Union C. China D. India
The WTO’s Agreement on Agriculture aims to:
A. Reduce tariffs and subsidies in agricultural trade B. Increase tariffs on agricultural imports C. Set price controls for agricultural products D. Eliminate intellectual property rights related to agriculture
Which of the following best describes “most-favored-nation” (MFN) treatment under the WTO?
A. A country must treat all WTO members equally in terms of trade advantages B. A country can set preferential tariffs for certain countries C. Countries can negotiate tariffs on…
How are WTO decisions made?
A. By a vote of the public B. By a vote of the members of the United Nations C. By a consensus of all member countries D. By the WTO’s…
Which of the following is a key function of the WTO’s General Council?
A. To manage global health policies B. To supervise day-to-day operations and make decisions on trade disputes C. To monitor international financial markets D. To enforce environmental standards
The WTO’s “Trade Policy Review Mechanism” (TPRM) aims to:
A. Help countries review their trade policies and ensure transparency B. Set tariffs on global exports C. Restrict exports from developed countries D. Monitor global environmental regulations
What is the “Doha Development Round”?
A. A set of environmental regulations under the WTO B. A series of negotiations aimed at reducing trade barriers in developing countries C. A treaty that regulates technology transfer D.…
Which of the following agreements is designed to ensure that intellectual property rights are protected internationally?
A. The Doha Development Agenda B. The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) C. The Global Trade Agreement D. The Multilateral Trade Organization Agreement