To promote free trade among member countries.

To regulate the global financial system.

To provide humanitarian aid to developing countries.

To negotiate peace agreements between conflicting nations.

It increases tourism by making it easier for people to travel.

It decreases tourism by making it more expensive to travel.

It has no effect on tourism.

It depends on the specific trade policies implemented.

To protect domestic industries from foreign competition.

To generate revenue for the government.

To promote free trade.

To discourage the import of certain goods.

A tariff is a tax on imported goods, while a quota is a limit on the quantity of imported goods.

A tariff is a tax on exported goods, while a quota is a limit on the quantity of exported goods.

A tariff is a tax on both imported and exported goods, while a quota is a limit on the quantity of both imported and exported goods.

There is no difference between a tariff and a quota.

It can lead to environmental degradation.

It can promote environmental conservation.

It has no impact on the environment.

It depends on the specific tourism practices implemented.

It can increase their exports and economic growth.

It can reduce their imports and trade deficit.

It can improve their terms of trade.

All of the above.

To provide financial assistance to countries facing economic difficulties.

To regulate the global financial system.

To promote free trade among member countries.

To negotiate peace agreements between conflicting nations.

A balance of trade deficit occurs when a country imports more goods and services than it exports, while a balance of payments deficit occurs when a country's total payments to other countries exceed its total receipts from other countries.

A balance of trade deficit occurs when a country exports more goods and services than it imports, while a balance of payments deficit occurs when a country's total receipts from other countries exceed its total payments to other countries.

There is no difference between a balance of trade deficit and a balance of payments deficit.

Both A and B.

It can create jobs and boost economic growth.

It can lead to inflation and a rise in the cost of living.

It can damage the environment and natural resources.

All of the above.

To provide financial assistance to developing countries.

To promote free trade among member countries.

To regulate the global financial system.

To negotiate peace agreements between conflicting nations.

Developed countries have higher levels of economic development, while developing countries have lower levels of economic development.

Developed countries have higher levels of income, while developing countries have lower levels of income.

Developed countries have higher levels of education and healthcare, while developing countries have lower levels of education and healthcare.

All of the above.

It can lead to increased pollution and environmental degradation.

It can promote the use of cleaner technologies and more sustainable production methods.

It can have both positive and negative impacts on the environment, depending on the specific policies implemented.

It has no impact on the environment.

To promote trade and development among developing countries.

To regulate the global financial system.

To promote free trade among member countries.

To negotiate peace agreements between conflicting nations.

In a free trade area, goods and services can move freely between member countries, but each country maintains its own external tariffs.

In a customs union, goods and services can move freely between member countries, and there is a common external tariff for all member countries.

In a free trade area, there are no tariffs on goods and services traded between member countries, but each country maintains its own external tariffs.

In a customs union, there are no tariffs on goods and services traded between member countries, and there is a common external tariff for all member countries.