The World Trade Organization (WTO), which was formed in 1995, trades without discrimination. Which of these BEST describes what this principle means?

A) All its member countries charge the same prices for basic commodities such as wheat and lumber.

B) All its member countries do not trade with countries which had discriminatory racial policies.

C) All its member countries trade only with countries that sign the WTO agreement.

D) All its member countries open their markets equally to all member nations.

Question

Kyler

History

12 June, 14:00

The World Trade Organization (WTO), which was formed in 1995, trades without discrimination. Which of these BEST describes what this principle means?

A) All its member countries charge the same prices for basic commodities such as wheat and lumber.

B) All its member countries do not trade with countries which had discriminatory racial policies.

C) All its member countries trade only with countries that sign the WTO agreement.

D) All its member countries open their markets equally to all member nations.

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Answers (1)

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Ross Phillips · Answer 1

Answer: D) In the WTO, all its member countries open their markets equally to all member nations. This approach was a major factor in the huge increase in world trade in the second half of the twentieth century.