Multiple Choice QuestionWhat is one way that APEC differs from other international trade allowances?Multiple choice question.It takes into account the political status of a nation before allowing it to join.It allows the business/private sector to participate in a wide range of APEC activities.It only consists of two nations.It did not allow the United States to join.
Question
Multiple Choice QuestionWhat is one way that APEC differs from other international trade allowances?Multiple choice question.It takes into account the political status of a nation before allowing it to join.It allows the business/private sector to participate in a wide range of APEC activities.It only consists of two nations.It did not allow the United States to join.
Solution
The correct answer is: It allows the business/private sector to participate in a wide range of APEC activities.
Here's why:
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APEC, or the Asia-Pacific Economic Cooperation, is an economic forum that includes 21 Pacific Rim member economies. Therefore, the statement "It only consists of two nations" is incorrect.
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The United States is a founding member of APEC, so the statement "It did not allow the United States to join" is also incorrect.
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While APEC does consider the economic policies of potential member economies, it does not specifically take into account the political status of a nation before allowing it to join. So, the first statement is also incorrect.
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The unique feature of APEC is its inclusion of the business/private sector in its activities. APEC has a 'Business Advisory Council', composed of up to three business executives from each member economy. This council meets with the economic leaders of member economies and advises them on business-related issues. Therefore, the statement "It allows the business/private sector to participate in a wide range of APEC activities" is correct.
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