How many member countries are in the World Trade Organization (WTO)?

Prepare for the HSC Economics Exam with comprehensive study materials, including flashcards and multiple choice questions. Each question offers hints and detailed explanations to boost your confidence and help you ace your exam!

The World Trade Organization (WTO) has 164 member countries as of October 2023. While the answer provided was 155, the correct answer aligns closely with the number of recognized countries participating in the organization, emphasizing its status as a crucial platform for international trade negotiations and policy-making.

The increasing membership reflects the desire of nations to engage in global trade, reduce tariffs, and resolve trade disputes. Understanding the number of member countries is vital for grasping the scope and influence of the WTO on international economic relations. It acts as a forum for trade agreements, ensuring that trade flows as smoothly, predictably, and freely as possible among its members.

In this context, while the options seem to present figures that do not directly correspond to the actual count, recognizing the importance of the WTO's role in global trade relations and its expanding membership base provides insights into the evolving nature of international economics.

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