FSOT: 500 Test Prep Study Questions

Category - World History & Geography

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What is the principal mandate of the World Trade Organization?

To remove barriers to the international trade of goods through the creation, monitoring, and enforcement of market access rules
To promote the development of trading partnerships between developing and fully industrialized countries
To facilitate large-scale trades between currency markets and monitor balance-of-payments imbalances for individual nations
To establish and enforce trading partnerships between government and private sector organizations

Explanation

Answer: A - To remove barriers to the international trade of goods through the creation, monitoring, and enforcement of market access rules

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