Question

question 7 of 10
what is a major similarity between the world trade organization (wto) and
the world bank?

a. both require members to remove barriers to trade.

b. both are considered microfinance institutions.

c. both focus entirely on aiding underdeveloped countries.

d. both promote localized rather than global economies.

Explanation:

• Option A: The WTO works to reduce trade barriers (like tariffs) for its member nations, and the World Bank, while focusing on development, also supports projects that can facilitate trade (e.g., infrastructure projects that help with trade). So this is a valid similarity.
• Option B: Microfinance institutions focus on small - scale financial services for low - income individuals. The WTO is about trade rules and the World Bank is about large - scale development financing, so this is incorrect.
• Option C: The WTO is not entirely focused on aiding underdeveloped countries; it deals with trade among all its members (developed and developing). The World Bank does aid underdeveloped countries but not entirely (it also works on other development aspects in various economies), so this is wrong.
• Option D: Both the WTO and the World Bank promote global economic integration (WTO through trade, World Bank through development projects that can be part of the global economy), not localized economies. So this is incorrect.

Answer:

A. Both require members to remove barriers to trade.