MGEC82H3 Study Guide - Final Guide: Countervailing Duties, General Agreement On Tariffs And Trade

The terms of trade between the two countries refer to:

a. The amount of good A given up for good B.

b. What price the two countries agree upon for their imports and exports.

c. The rules governing trade between the two countries.

d. The terms set by the World Trade Organization for trade.

Explain how the World Trade Organization contributed to the growth of the global economy.