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JAMB Economics 2011 Question 50

Question 50

International Economic Organisations

The World Trade Organization is responsible for

  1. A.stabilizing and harmonizing oil prices
  2. B.ensuring equal participation of countries in trade
  3. C.modernising world economies
  4. D.minimizing obstacles to international trade and investment.
Show the answer and explanation

Answer: D (minimizing obstacles to international trade and investment.)

Explanation

The WTO works to reduce tariffs and other barriers to trade among its members.