- The primary goal of the WTO is to create a rule-based global trading system.
- This ensures that member nations do not impose arbitrary or unilateral trade restrictions.
- The provided reason aligns with the assertion because the WTO seeks to optimize global production, ensure efficient resource utilization, and integrate environmental protection within trade agreements.
List-I | List-II | ||
|---|---|---|---|
| A | Money supply is exogenously given. | I | Post-Keynesian school |
| B | Money supply is demand driven and credit led. | II | Say’s law |
| C | Rational expectation. | III | Monetarism |
| D | Supply creates its own demand | IV | Neo-classical school |