Author Question: Which of the following statements is true regarding the World Trade Organization (WTO)? A) The WTO ... (Read 83 times)

crobinson2013 · **on:** Jun 24, 2018

Which of the following statements is true regarding the World Trade Organization (WTO)?
A) The WTO has been in place since 1947.
B) The WTO coordinates its activities with GATT.
C) It provides a dispute settlement body to promote the resolution of trade disputes.
D) It has the ability to impose criminal penalties.

Question 2

Which is a correct statement about arbitration of contractual disputes regarding international trade?
A) It is done in court.
B) There is extensive judicial review of the decision.
C) Parties frequently arbitrate in neutral countries.
D) It is not available in disputes of more than 1 million.