CLEP Western Civilization Test Questions

Answer - C - The function of the World Trade Organization (WTO) is to manage and oversee all world trade.

Key Takeaway: The World Trade Organization, or WTO, is an international organization designed to supervise and manage international trade. The organization was founded in 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade, which had commenced in 1947.

The World Trade Organization regulates trade between participating countries, provides a framework for negotiating and formalizing trade agreements, and follows a dispute resolution process aimed at enforcing adherence to the WTO agreements.