APEC quiz

Question 1

When was APEC founded?

Accepted Answer

November 1989

Question 2

In which country is APEC's headquarters located?

Accepted Answer

Singapore

Question 3

APEC promotes trade liberalization

Accepted Answer

True

Question 4

APEC members do not have a common external tariff to non-member countries

Accepted Answer

True

Question 5

How many members does APEC have?

Accepted Answer

21

Question 6

What currency do the APEC members all use?

Accepted Answer

no common currency

Question 7

All of APEC decisions are made under a consensus (all members must agree to it)

Accepted Answer

True

Question 8

What does APEC stand for?

Accepted Answer

Asia-Pacific Economic Cooperation

Question 9

Which economy is the current leader of APEC?

Accepted Answer

South Korea

Question 10

Who founded APEC?

Accepted Answer

Bob Hawke

Question 11

The membership of APEC is based on "economies" and not "countries" because:

Accepted Answer

To allow participation of of entities such as Hong Kong and Taiwan

Question 12

What does the APEC logo represent?

Accepted Answer

regional unity

Question 13

APEC economies account for about 50% of global trade and nearly 60& of world GDP

Accepted Answer

True

Question 14

APEC supports Small/Medium sized businesses by:

Accepted Answer

providing finance, reducing trade barriers

Question 15

How many labguages are spoken in total amongst the members of APEC? (recognized)

Accepted Answer

17

Question 16

APEC does not adress any economic cybersecurity issues

Accepted Answer

False

Question 17

What is the aim of APEC?

Accepted Answer

to promote free and open trade among its members.

Question 18

Which one of these countries is NOT a member of APEC?

Accepted Answer

Cuba

Question 19

All of APECS members have developed economies

Accepted Answer

False

Question 20

APEC is a trading bloc

Accepted Answer

False

Questions 20