Which of the Following Statements About the World Trade Organization

Multiple Choice

Which of the following statements about the World Trade Organization (WTO) is most accurate?

A) The World Trade Organization is a temporary institution.
B) The 28 member countries of the WTO account for less than 40 percent of world trade.
C) The WTO sets rules governing trade between its members and the rest of the world.
D) The WTO uses panels of business professionals who can issue only nonbinding recommendations.
E) The WTO was formed by the major industrialized nations of the world.