Quiz for Contemporary World

It focused on trade goods through multinational trade agreements conducted in many “rounds” of negotiation.

an independent multilateral organization that became responsible for  trade in services, non-tariff-related barriers to trade, and other broader areas of trade liberalization.

It was out of the ________ that an agreement  was reached to create the World Trade Organization (WTO).

• URUGUAY

• GATT

• WTO

• IMF

How many members of IMF that works to promote economic stability and prosperity?

• 195 members

• 153 members

• 190 members

• 150 members

The IMF monitors the economic and financial policies of its member countries to identify potential risks to global stability and recommend appropriate policy adjustments.

• Global Development

• Capacity Development

• Financial Assistance

• Surveillance

The IMF provides technical assistance and training to help governments strengthen their economic institutions and develop sound economic policies.

These loans are often conditional on the recipient country implementing economic reforms to address the underlying causes of their financial difficulties.

It is a raw materials that other industries will later process into food products.

Extract minerals and ores from the earth, providing raw materials for various industries.

Harvesting timber and other forest products.