Which statements are true about the benefits of World Trade Organization (WTO)?
A. Trade disputes between and among countries are handled constructively.
B. Liberalized global trade provides greater choice of products and their qualities.
C. Rules make life difficult for all.
D. The liberalized trade cuts the cost of living.
E. This system promotes conflicts.
Choose the correct answer from the options given below:

Correct option is A

The correct answer is: (a), A. B and D only
Trade disputes between and among countries are handled constructively: One of the benefits of the WTO is that it provides a platform for countries to resolve trade disputes through constructive negotiations and legal mechanisms.
Liberalized global trade provides greater choice of products and their qualities: Liberalized global trade facilitated by the WTO allows for a greater choice of products and qualities for consumers, promoting competition and potentially lower prices.
The liberalized trade cuts the cost of living: Liberalized trade facilitated by the WTO can lead to lower tariffs and barriers, which can result in reduced costs of goods and services, ultimately lowering the cost of living for consumers.
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Rules make life difficult for all: This statement is false. It's true that some rules and regulations enforced by the WTO may be challenging for countries, the statement that "rules make life difficult for all" is overly generalized and not necessarily accurate.
This system promotes conflicts: This statement is false. Conflicts may arise within the WTO system, its primary purpose is to promote international cooperation and resolve disputes through negotiation and legal means, rather than promoting conflicts.