JAMB Economics 2014 Objective — Question 48
Question 48 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.
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The main objective of WTO is to
- A. assist developing countries to execute developmental projects
- B. ensure adequate protection for infant industries
- C. provide a mechanism for tariff reductionCorrect
- D. assist countries with chronic balance of payments problem
Explanation
WTO is the World Trade Organization and its major objectives include promotion of trade among countries, and this can be achieved by reducing tariffs on commodities traded in international market.
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