World Trade Organization

World Trade Organization

1. The _____________ is an international institution set up to maintain order in the international monetary system.

A) World Trade Organization

B) International Monetary Fund

C) World Bank

D) Free Trade Union

2. When a company exports goods or services to consumers in another country it is called _______.

A) Internationalization

B) International Production

C) Foreign Trade Investment

D) International Trade

3. The _____________’s main responsibility is to make sure that nation states adhere to the rules laid down in trade treaties signed by member states and policing the world trading system.

A) General Agreement for Tariffs and Trade (GATT)

B) United Nation

C) World Trade Organization

D) Free Trade Union

4. G20 comprises the finance ministers and central bank governors of the 19 largest economies in the world, plus representatives from the EU and European Central Bank. True or False?

5. The two factors that underlie trend to greater globalization are declining barriers to international change and technological change. True or False?