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Which of these is the main function of the WTO?Select one:a.Acquisitionb.Strategic Alliancec.Joint Ventured.Exporting

Question

Which of these is the main function of the WTO?

Select one:

  • a. Acquisition
  • b. Strategic Alliance
  • c. Joint Venture
  • d. Exporting
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Solution

The main function of the World Trade Organization (WTO) is to oversee and regulate international trade, ensuring that trade flows as smoothly, predictably, and freely as possible. Out of the options provided:

a. Acquisition - This typically refers to the process of obtaining control over a company or assets, which is not a primary function of the WTO.

b. Strategic Alliance - While the WTO may influence alliances in trade strategies, it does not specifically function as a facilitator of strategic alliances.

c. Joint Venture - Similar to strategic alliances, the WTO does not primarily facilitate joint ventures.

d. Exporting - This is a key aspect of international trade, and while the WTO facilitates global trade that includes exporting activities, it does not engage in exporting itself.

Given these explanations, none of the options directly represent how the WTO functions, but if choosing the option that is closest, d. Exporting would be the most relevant, as the WTO provides a framework that governs trade, including exporting goods and services.

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