Question

Question

Explain the role of major economic organizations in the modern economy.(1 point)
Responses

Major economic organizations act as connection points for the global economy, but can also cause tension between the governments of competing nations due to economic rivalries.
Major economic organizations act as connection points for the global economy, but can also cause tension between the governments of competing nations due to economic rivalries.

Major economic organizations act as connection points for the global economy and provide a buffer for the governments of competing nations.
Major economic organizations act as connection points for the global economy and provide a buffer for the governments of competing nations.

Major economic organizations act as connection points for the economy of a specific nation and provide a buffer for the governments of competing nations.
Major economic organizations act as connection points for the economy of a specific nation and provide a buffer for the governments of competing nations.

Major economic organizations act as connection points for the economy of a specific nation, which is why they can cause tension between governments, as their bias is toward a single nation.

Answer 1

The most accurate response would be:

Major economic organizations act as connection points for the global economy and provide a buffer for the governments of competing nations.

This statement captures the essence of how major economic organizations, such as the International Monetary Fund (IMF), World Bank, and World Trade Organization (WTO), facilitate international trade and financial stability while also helping to mediate tensions between countries. They play a crucial role in fostering economic cooperation and providing a platform for dialogue, which can mitigate conflicts arising from economic competition.