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IGCSE Economics2.2.2.e Role of the World Trade Organization (WTO)Topic Practice

2.2.2.e Role of the World Trade Organization (WTO)

Role of the World Trade Organization (WTO):

• actions by the WTO.

Question 1(g)

[Maximum number: 3]

In 2017 the US government wanted to introduce a 300% tariff on imported aircraft made by Canadian manufacturer Bombardier.

Explain one way the World Trade Organisation could promote free trade between countries such as Canada and the US.

Question 1(a)

[Maximum number: 1]

Which one of the following is a role of the World Trade Organization (WTO)?

A

Writing off debts

B

Settling trade disputes

C

Increasing trade barriers

D

Paying subsidies to producers

Question 1(d)

[Maximum number: 2]

Describe one role of the World Trade Organization (WTO).

Question 2(b)

[Maximum number: 1]

Which one of the following describes a role of the World Trade Organization (WTO)?

A

Help with trade negotiations

B

Regulates multinational corporations

C

Provides financial assistance to developing countries

D

Stabilises exchange rates

Question 2(c)

[Maximum number: 1]

State one possible role of the World Trade Organization (WTO).

0 selected