ABEKA ECONOMICS Quiz 16 practice questions and answers 2024

philosophy that regards the entire world as one giant community that should be politically and economically united globalism exclusive power of an independent state to rule and regulate internal affairs without foreign interference national sovereignty Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen organization made of three main institutions: european parliament, council, european commission european union (EU) organization that strictly enforces the "most-favored nation" policy world trade organization (WTO) through what type of agreements have the US voluntarily surrendered much of its national sovereignty? multilateral economic event that has either a positive or negative effect on someone who did not have a choice in that event and whose interests were not taken into consideration externality entity located in the center of an open-market flow diagram government established to monitor the exchange of currencies IMF Deals with world's international trade rules WTO regulates trade among the three nations of North America NAFTA institution of the world bank IBRD sends "peacekeeping troops" into troubled areas UN