Question

The world trade organization (wto) is ____

multiple choice
A. a trade bloc made up of the united states, canada, and mexico whose purpose is to reduce tariffs and other trade barriers among the three countries.
B. a trading bloc of 27 (not 28) european countries who have agreed to abolish tariffs and import quotas on most products and have liberalized the movement of labor and capital.
C. a group that oversees trade agreements reached by member nations and arbitrates trade disputes among them.
D. a common currency zone in which members have adopted the euro as their common currency.

Answer 1

The World Trade Organization (WTO) oversees trade agreements and resolves disputes between member nations to promote international trade.

Step-by-step explanation:

The World Trade Organization (WTO) is a group that oversees trade agreements reached by member nations and arbitrates trade disputes among them. Its purpose is to promote and facilitate international trade by reducing trade barriers and ensuring fair trade practices.

The WTO provides a framework for negotiating and formalizing trade agreements, and it has a dispute resolution process to enforce participants' adherence to these agreements.