The Global Economy Unit Test

Question

5 of 185 of 18 Items

Question
Which of the following describes one purpose of APEC?(1 point)
Responses

to regulate equal treatment of member countries
to regulate equal treatment of member countries

to reduce tariffs among member countries
to reduce tariffs among member countries

to remove border controls among member countries
to remove border controls among member countries

to establish a uniform currency used by member countries

Answer 1

The correct response describing one purpose of APEC (Asia-Pacific Economic Cooperation) is:

to reduce tariffs among member countries.

APEC aims to promote free trade and economic cooperation throughout the Asia-Pacific region, which includes reducing tariffs and other trade barriers among member countries.