Author Question: Which economic organization was established in Canberra, Australia, to mitigate the economic block ... (Read 202 times)

acc299 · **on:** Jun 29, 2018

Which economic organization was established in Canberra, Australia, to mitigate the economic block and trade protection trend prevailing in the 1970's and 1980's?
a. Commonwealth of Independent States
b. Asia-Pacific Economic Cooperation
c. The West African Economic and Monetary Union
d. The Association of Southeast Asian Nations

Question 2

Primary data are almost always less expensive and can be obtained and analyzed more quickly than secondary data.

Indicate whether the statement is true or false

daiying98 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B
APEC was established to mitigate the economic block and trade protection trend prevailing in the 1970's and 1980's. It was established in 1989 at a ministerial meeting in Canberra, Australia, with the mission to create an open economic alliance in the Asia-Pacific region. This trade group includes all the major economies of the region (the U.S. and Canada are member countries), accounting for 43 of global trade. This may be found in the Bilateral Agreements and Multilateral Forums and Agreements section (4-2a).

Answer to Question 2

F