A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!
-You also plan to discuss other regional trading alliances such as the one in Southeast Asia called ________.
A)Mercosur
B)ASEAN
C)APEC
D)the Southern Zone Common Market

Question

Quizplus · Accepted Answer

The correct choice for the regional trading alliance in Southeast Asia is ASEAN (Association of Southeast Asian Nations). Mercosur is a trade bloc in South America, APEC (Asia-Pacific Economic Cooperation) includes economies from both Asia and the Pacific region, and the Southern Zone Common Market refers to Mercado Común del Sur (Mercosur) again, which is not in Southeast Asia. Therefore, only option B is the correct answer.