Which of the Following Is a Difference Between the General

Multiple Choice

Which of the following is a difference between the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) ?

A) GATT was involved only in merchandise trade,while the WTO covers services and trade-related aspects of intellectual property.
B) GATT was involved in settling disputes in a fast way,while the WTO relies on voluntary cooperation.
C) GATT was developed to support Mexico's efforts to become more market oriented,while the WTO aims to launch new provisions against dumping.
D) GATT resolved more trade disputes in its first decade,while the WTO is susceptible to blockage.
E) GATT was the institutional foundation for world trade,while WTO is a multilateral agreement with no institutional foundation.