Match each scenario with a concept related to the regulation of international trade. Tiles: (APEC OPEC World Bank) Pairs: finances projects in middle-income nations arrowBoth economic forum for Pacific Rim economies controls most of the world’s crude oil and natural gas reserves)
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1. asia pacific economic co-operation (apec)
- an economic forum of 21 pacific rim economies.
2. opec - it is an organisation of 12 oil exporting countries which controls most of the world's crude oil and natural gas reserves.
3. world bank - a part of ibrd primarily responsible for financing development projects in middle income economies comprising 189 member countries.
- an economic forum of 21 pacific rim economies.
2. opec - it is an organisation of 12 oil exporting countries which controls most of the world's crude oil and natural gas reserves.
3. world bank - a part of ibrd primarily responsible for financing development projects in middle income economies comprising 189 member countries.
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Explanation:
APEC: APEC stands for Asia pacific economic co-operation which is an economic forum of 21 Pacific Rim economies.
OPEC: It is an “Organization of the Petroleum Exporting Countries” of 12 ‘oil exporting countries’ which has been founded in 1960 and it controls mostly the “world's crude oil” and “natural gas reserves”.
World bank: It is the “International financial institution” which is the world’s primary responsible for the development of financing projects in the middle income economic countries that comprising 189 member countries .
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