Which of the following statements about the World Trade Organization (WTO) is most accurate?
A. The 168 member countries of the WTO account for less than 25 percent of world trade.
B. The WTO uses panels of trade experts who can issue non-binding recommendations.
C. The WTO sets rules governing trade between its members and the rest of the world.
D. The World Trade Organization is a temporary institution.
E. The WTO was formed by the major industrialized nations of the world.
Answer: E
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