Which of the following statements about the World Trade Organization (WTO) is most accurate?
A. The WTO acts as an agent in trade negotiations between its members and the remainder of the world.
B. The WTO is an institution that sets rules governing trade between its members.
C. The WTO uses panels of trade experts who issue non-binding recommendations.
D. The 183 member countries of the WTO account for approximately 55 percent of world trade.
E. The WTO was formed by the United Nations.
Answer: B
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