Economics JAMB

The World Trade Organization is responsible for?

A. stabilizing and harmonization oil prices
B. ensuring the equal participation of countries in trade
C. modernizing world economies
D. minimizing obstacles to international trade and investment

Correct Answer:

Option D – minimizing obstacles to international trade and investment

Explanation

The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible.

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