The World Trade Organization (WTO) has an important role in international trade. From the list, select all statements about the WTO that are true. It is possible that more than one statement is true.

A. The WTO attempts to minimize barriers to trade.
B. The WTO encourages dumping behavior to lower costs for consumers.
C. The WTO assesses complaints of unfair trading from member countries.
D. The WTO is the world's largest government and may impose its decisions on countries that violate trade law.
E. All Of The Above.

A) The WTO attempts to minimize barriers to trade.

C) The WTO assesses complaints of unfair trading from member countries.

Explanation:

Member countries of the WTO get together to negotiate the reduction of trade barriers, including import quotas and tariffs. WTO negotiations are called rounds, and they usually last a couple of years.

The WTO also resolves international trade disputes. Any member country can file a complaint against another member country, and the WTO will rule who is right and what measures can be taken.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.