Final answer:
The World Trade Organization (WTO) is responsible for providing consumers with more choices and higher quality products by regulating international trade and reducing trade barriers.
Step-by-step explanation:
The World Trade Organization (WTO) is the international organization that helps provide consumers with more choices and higher quality products by regulating international trade. Established in 1995, the WTO is the direct successor to the General Agreement on Tariffs and Trade (GATT) and works toward reducing tariffs and other trade barriers. It provides a framework for trade negotiations, formalizes trade agreements, and has a dispute resolution process to ensure member countries adhere to the rules of the organization.
The WTO also encourages collaboration and policy making among nations, with the aim of promoting international trade and economic development. By managing and liberalizing trade between participating countries, the WTO accomplishes its mission to facilitate smooth and free trade, which often results in a greater variety of goods for consumers and improvements in product quality.