Question

Match each scenario with a concept related to the regulation of international trade.

APEC
OPEC
World Bank

Answer 1

APEC: economic forum for

Pacific Rim economies

OPEC: controls most of the

world’s crude oil and

natural gas reserves

World Bank: finances projects in

middle-income nations

Answer 2

You didn't offer scenarios. I'll note in bold and provide explanation for what each item is and does:

• APEC is an economic forum for Pacific Rim economies. APEC stands for Asia-Pacific Economic Cooperation, a government forum of 21 countries located around the Pacific Rim. According to APEC's own webpage: "APEC is the premier Asia-Pacific economic forum. Our primary goal is to support sustainable economic growth and prosperity in the Asia-Pacific region. We are united in our drive to build a dynamic and harmonious Asia-Pacific community by championing free and open trade and investment, promoting and accelerating regional economic integration, encouraging economic and technical cooperation, enhancing human security, and facilitating a favorable and sustainable business environment."
• OPEC controls most of the world’s crude oil and natural gas reserves. OPEC stands for the Organization of Petroleum Exporting Countries. OPEC states that its mission is "to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry."
• The WORLD BANK finances projects in middle-income nations. The International Bank for Reconstruction and Development (IBRD) is the largest institution in what is officially known as the World Bank Group. The IBRD was established by an international conference that met at Bretton Woods, New Hampshire, in 1944. The IBRD remains the largest of five development bank institutions that make up the World Bank Group. An agreement between the World Bank and the United Nations was made in 1947 that classifies the World Bank as a specialized agency of the UN, while recognizing it also as an independent international organization. According to the World Bank Group's own information, the World Bank's mission is " to reduce poverty and support development" by providing "low-interest loans, zero to low-interest credits, and grants to developing countries."