Asked by
mariam bouorm
on Nov 03, 2024
Verified
Decisions made by the _______regarding trade disputes are binding on the parties involved.
A) North American Free Trade Agreement (NAFTA)
B) International Monetary Fund (IMF)
C) World Trade Organization
D) General Agreement on Tariffs and Trade (GATT)
World Trade Organization
An international organization dealing with the rules of trade between nations, aimed at ensuring that trade flows as smoothly, predictably, and freely as possible.
Trade Disputes
Conflicts between countries or trade entities over policies, practices, or conditions that affect international trade.
Binding
The process of securing or holding together materials, such as in book production, or legal agreements that are legally enforceable.
- Acquire an understanding of the structures of international trade pacts and their implications for global trade flows.
Verified Answer
RM
Learning Objectives
- Acquire an understanding of the structures of international trade pacts and their implications for global trade flows.