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 was formed in 2008 in response to the global recession.
B) The 12 member countries of the WTO account for approximately 55 percent of world trade.
C) The WTO acts as an agent in licensing negotiations between its members and the remainder of the world.
D) The WTO uses panels of trade experts who can issue binding decisions.
E) The WTO was formed by the United Nations.