Question

Match the term to its correct definition/description.(3 points)
Put responses in the correct response input area to answer the question. Select a response, navigate to the desired input area and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.
Asia-Pacific Economic Cooperation (APEC)
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European Union
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International Trade Agreements
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North American Free Trade Agreement (NAFTA)
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Protectionism
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United Nations (UN)
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Answer 1

Asia-Pacific Economic Cooperation (APEC) — A regional economic forum of Pacific Rim countries that promotes free trade, economic cooperation, and sustainable growth among member economies.

European Union — A political and economic union of European countries with common institutions and policies (including a single market and free movement of goods, services, capital and people); some members share a common currency (the euro).

International Trade Agreements — Treaties or accords between countries that set rules for trade, reduce barriers (tariffs, quotas), and regulate economic transactions across borders.

North American Free Trade Agreement (NAFTA) — A trilateral trade agreement between the United States, Canada, and Mexico (effective 1994) that eliminated many tariffs and trade barriers; replaced by the USMCA in 2020.

Protectionism — Economic policy of restricting imports (using tariffs, quotas, subsidies, or regulations) to protect domestic industries from foreign competition.

United Nations (UN) — An international organization founded in 1945 to maintain international peace and security, develop friendly relations among nations, promote human rights and social progress, and coordinate humanitarian and development efforts.