Economic Organizations

Which is the only global international organization dealing with the rules of trade between nations?

• UN

• NATO

• EU

• WTO

The purpose of the World Trade Organization is to:

• ensure that global trade commences smoothly, freely and predictably

• increase the standard of living for all member countries

• create more jobs

• settle humanitarian and economic disputes between countries

APEC was created to promote:

• free trade between Pacific nations

• economic cooperation and integration in the Pacific region

• humanitarian rights throughout the Pacific nations

• peace, love, and prosperity

APEC is the acronym for:

• Asia Pacific Economic Cooperation

• American Political Economic Cooperative

• Atlantic Political Emergence of Countries

• American Petroleum and Energy Coop

What is G8/G20?

• An annual meeting that deals with the major global economic and political issues

• A climate change conference

• An annual meeting in London that focuses on Africa

• A forum on government transparency

OPEC's main goal is to:

• keep oil prices high

• keep oil prices stable

• control oil drilling sites

• keep oil exporting prices low

OPEC is an acronym for:

• Oil Producing Economic Countries

• Organization of Petroleum Exporting Countries

• Organization of Pacific Economic Cooperation

• Oil, Petroleum, and Energy Countries

Which organization is known for providing financial and technical assistance to developing countries?

• A) World Bank

• B) International Monetary Fund

• C) World Trade Organization

• D) United Nations

The primary purpose of the International Monetary Fund (IMF) is to:

• A) promote international monetary cooperation

• B) provide loans for infrastructure projects

• C) regulate global trade

• D) enforce international law

Which organization is primarily responsible for setting global labor standards?

• A) International Labour Organization

• B) World Health Organization

• C) United Nations

• D) World Trade Organization