Question
International trade increased dramatically after World War II, resulting in questions and political disagreements among countries. Several international economic institutions were created to provide guidelines for the new global economy. Some of these are the World Trade Organization (WTO), the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (the World Bank). These institutions try to help nations achieve important economic goals. They do this by helping to provide public goods and infrastructure, promoting economic development and reducing barriers to trade.
Why were institutions like the WTO and IMF created?
A
to provide economic guidance to countries
B
to settle military disputes between countries
C
to completely put an end to the global economy
D
to impose more trade barriers around the world
Why were institutions like the WTO and IMF created?
A
to provide economic guidance to countries
B
to settle military disputes between countries
C
to completely put an end to the global economy
D
to impose more trade barriers around the world
Answers
GPT-4o mini
A
to provide economic guidance to countries
to provide economic guidance to countries