How has the Asia-Pacific Economic Cooperation (APEC) helped Asian countries?
APEC facilitates trade between Pacific Rim nations by promoting a single currency to eliminate exchange rates.
APEC reduces trade barriers and promotes open markets between Pacific Rim countries to stimulate economic growth.
APEC creates infrastructure throughout Pacific Rim nations to allow for the easy transportation of goods.
APEC discourages reliance on the gold standard and the International Monetary Fund in Asian-Pacific countries.
C?
Its B - stimulate economic growth.
I think not.
Yes, C is the correct answer. APEC creates infrastructure throughout Pacific Rim nations to allow for the easy transportation of goods. This helps Asian countries by improving connectivity and logistics, which is essential for trade and economic growth. APEC member economies collaborate on projects such as building roads, ports, airports, and telecommunications networks to improve transportation and connectivity within the region. These infrastructure developments help facilitate the movement of goods between countries, promoting economic development and trade.
Based on the given options, the correct answer would be option C: "APEC creates infrastructure throughout Pacific Rim nations to allow for the easy transportation of goods."
The Asia-Pacific Economic Cooperation (APEC) helps Asian countries by promoting and developing infrastructure in the region. This infrastructure includes the construction of roads, ports, and airports, which facilitates the transportation of goods and promotes trade between Pacific Rim countries.
To arrive at the correct answer, it's important to examine each option provided and understand how APEC functions. APEC is a forum for 21 Pacific Rim nations, including countries from Asia, Oceania, and North and South America. Its focus is on promoting economic growth, cooperation, and integration among its member countries.
Option A states that APEC promotes a single currency to eliminate exchange rates. However, APEC does not aim to establish a single currency or eliminate exchange rates. Its main goal is to promote trade and economic cooperation.
Option B correctly indicates that APEC reduces trade barriers and promotes open markets to stimulate economic growth. While this is one of APEC's core objectives, it is not directly related to infrastructure development.
Option C accurately describes one of the ways APEC helps Asian countries. By creating infrastructure throughout the Pacific Rim region, APEC enhances connectivity and facilitates the movement of goods, promoting economic development and trade.
Option D suggests that APEC discourages reliance on the gold standard and the International Monetary Fund (IMF) in Asian-Pacific countries. However, APEC does not have a specific focus on the gold standard or the IMF. Its main objective is to foster economic cooperation and sustainable growth in the region.
Therefore, the correct choice is option C: "APEC creates infrastructure throughout Pacific Rim nations to allow for the easy transportation of goods."