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_____ oversees international trade agreements.
A) NAFTA
B) The World Trade Organization
C) The European Union
D) The Federal Reserve Bank
World Trade Organization
An international organization that regulates trade between nations to ensure that trade flows as smoothly, predictably, and freely as possible.
International Trade Agreements
Treaties in which a country promises to engage in less trade protection against the exports of other countries in return for a promise by other countries to do the same for its own exports.
- Identify the responsibilities and operations of the World Trade Organization (WTO) in supervising global trade accords and settling trade conflicts.
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Learning Objectives
- Identify the responsibilities and operations of the World Trade Organization (WTO) in supervising global trade accords and settling trade conflicts.
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