Question

The role of the World Trade Organization (WTO) is to

a. Regulate the prices cartels can set in the oil industry.
b. to set global rules to ensure that trade flows as smoothly and freely as possible.
c. Create tariffs and restrictions on international trade.
d. Promote international monetary competition to make trade between nations easier.

Answer 1

My answer would be B. to set global rules to insure that trade flows as smoothly and freely as possible.

Answer 2

b. to set global rules to ensure that trade flows as smoothly and freely as possible.

Step-by-step explanation:

World Trade Organization is an organization created with the goal of supervising and liberalizing international trade. The WTO officially appeared on January 1, 1995, under the Marrakesh Agreement, replacing the General Agreement on Tariffs and Trade, which began in 1947.