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Market Integration and Free Trade

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Questions and Answers

What is the primary goal of the World Trade Organization (WTO)?

To promote social and economic progress in the Asian and Pacific region

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

To ensure that trade takes place smoothly, predictably, and as freely as possible (correct)

To leverage the growing interdependence of the Asia-Pacific region

Which institution was established in 1966 by 31 member governments?

Asian Development Bank (ADB) (correct)

World Trade Organization (WTO)

Asia-Pacific Economic Cooperation (APEC)

International Monetary Fund (IMF)

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

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

To facilitate international trade and commerce

To provide loans for regional, sub-regional, and national projects and programs (correct)

To promote regional economic integration

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

57 Signup and view all the answers

When was the Asia-Pacific Economic Cooperation (APEC) set up?

1989 Signup and view all the answers

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

21 Signup and view all the answers

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

To create greater prosperity for the people of the region Signup and view all the answers

What is the focus of the World Trade Organization (WTO) agreements?

Rules of trade between nations Signup and view all the answers

Which institution is responsible for promoting regional economic integration?

Asia-Pacific Economic Cooperation (APEC) Signup and view all the answers

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

Regional, sub-regional, and national projects and programs Signup and view all the answers

What is the primary role of the World Trade Organization (WTO)?

To ensure that trade takes place smoothly, predictably, and as freely as possible Signup and view all the answers

Market Integration and Free Trade

Choose a study mode

Podcast

Questions and Answers

What is the primary goal of the World Trade Organization (WTO)?

Which institution was established in 1966 by 31 member governments?

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

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

When was the Asia-Pacific Economic Cooperation (APEC) set up?

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

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

What is the focus of the World Trade Organization (WTO) agreements?

Which institution is responsible for promoting regional economic integration?

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

What is the primary role of the World Trade Organization (WTO)?

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