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

Question

Responses

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, which is why they can cause tension between governments, as their bias is toward a single nation.
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.

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 economy of a specific nation and provide a buffer for the governments of competing nations.

Answer 1

They also play a crucial role in setting economic policies, regulations, and standards that govern economic activities at both national and international levels. Additionally, major economic organizations facilitate trade agreements, promote economic development, and address global economic challenges such as poverty, inequality, and climate change. Overall, these organizations play a vital role in shaping the modern economy and promoting global economic stability and prosperity.

Answer 2

one of the answers I gave you is correct

Answer 3

Apologies for the oversight. The correct response is:

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