Market Integration and Free Trade

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What is the primary goal of the World Trade Organization?

To ensure smooth, predictable, and free trade

When was the Asian Development Bank (ADB) founded?

1966

What is the primary role of the Asian Development Bank (ADB)?

To cater to the needs of smaller or under-developed countries

How many member countries does the Asian Development Bank (ADB) have?

57

What is the primary goal of the Asia-Pacific Economic Cooperation (APEC)?

To create greater prosperity for the people of the region

What is the Asia-Pacific Economic Cooperation (APEC) primarily concerned with?

Regional economic integration

Which international financial institution is responsible for promoting the social and economic progress of the Asian and Pacific region?

Asian Development Bank (ADB)

Which of the following is NOT a primary goal of the World Trade Organization?

To promote social and economic progress

What is the primary focus of the Asian Development Bank (ADB)?

Regional, sub-regional, and national projects

How many members does the Asia-Pacific Economic Cooperation (APEC) have?

21

This quiz assesses understanding of market integration, its benefits, and its effects on trade and businesses. Topics include free trade, competition, and economies of scale.

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