Final answer:
The World Trade Organization (WTO) is the organization designed to guide nations toward free trade and open markets, officially formed in 1995 as the successor to GATT. Correct answer is c) WTO (World Trade Organization).
Step-by-step explanation:
The organization that has the goal to guide the nations of the world toward free trade and open markets is the World Trade Organization (WTO). The WTO officially came into existence in 1995, succeeding the General Agreement on Tariffs and Trade (GATT). Its main function is to facilitate negotiation and implementation of trade agreements with the aim of reducing trade barriers internationally and ensuring that trade flows as smoothly and predictably as possible.
Contrary to the proposed but not created International Trade Organization (ITO) at the Bretton Woods Conference, the WTO became the global international organization dealing with the rules of trade between nations. So, correct answer is c) WTO (World Trade Organization).