Question 38
International Economic OrganisationsThe main objective of WTO is to
- A.help countries with chronic balance of payments problems
- B.help debtor nations solve their problems
- C.ensure adequate tariff protection for infant industries
- D.provide a mechanism for tariff reductions
Show the answer and explanation
Answer: D (provide a mechanism for tariff reductions)
Explanation
The World Trade Organization promotes freer trade by providing rules and negotiations for reducing tariffs.