Question

question 33 of 33
how does the world trade organization promote the economic philosophy of free trade?
a. by helping countries harmed by foreign business activities
b. by monitoring international corporations to discourage corruption
c. by offering microloans to businesses in extremely poor countries
d. by punishing member countries for establishing barriers to trade

Explanation:

The World Trade Organization (WTO) aims to promote free trade. Option A is not its main way of promoting free trade. Option B is about anti - corruption rather than free trade promotion. Option C is more related to micro - finance and poverty alleviation. The WTO has rules against trade barriers. When member countries establish trade barriers (like tariffs, quotas etc.), the WTO can take actions (such as through dispute settlement mechanisms) which can be seen as a form of 'punishment' to encourage free trade.

Answer:

D. By punishing member countries for establishing barriers to trade