If regional free-trade areas such as now exist in Europe and North America gain strength, and new ones arise,
Correct answer: D. the WTO may be weakened
- A. the WTO will likely be replaced by the International Monetary Fund
- B. the more necessary the WTO will be
- C. a world-wide common market will soon be achieved
- D. the WTO may be weakened
Explanation
Stronger regional trading blocs can divert trade away from the multilateral WTO system and reduce its central importance. They therefore may weaken the WTO rather than make it unnecessary in every respect.
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