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Question

Difficulty: MediumInternational Economic Organizations and Regional Integration (ECOWAS, OPEC, IMF, World Bank, WTO, AfDB)

Which of the following pairings correctly aligns each international economic organization with its primary mandate or operational mechanism?

  • African Development Bank (AfDB)Financing capital infrastructure and fostering socio-economic development within African member nations
  • World Trade Organization (WTO)Administering global trade agreements and resolving trade disputes among member states
  • Organization of the Petroleum Exporting Countries (OPEC)Coordinating crude oil export quotas to stabilize international market supply and prices
  • Economic Community of West African States (ECOWAS)Promoting West African regional economic integration and establishing free movement of goods and people

Answer

African Development Bank (AfDB) matches with financing infrastructure and socio-economic development in Africa; World Trade Organization (WTO) matches with administering global trade agreements and resolving trade disputes; OPEC matches with coordinating crude oil export quotas to stabilize prices; and ECOWAS matches with promoting West African regional economic integration.
Each economic organization is matched directly with its core mandate: African Development Bank with African socio-economic project financing; World Trade Organization with multilateral trade rules and dispute settlement; OPEC with petroleum export quotas; and ECOWAS with West African regional economic integration.

Step-by-Step Solution

1
Analyze the geographical and institutional scope of each organization.
AfDB operates regionally for African development; WTO operates globally for multilateral trade rules; OPEC functions sectorally for oil-exporting nations; ECOWAS functions sub-regionally for West Africa.
Classifying organizations by scope helps isolate their specific economic mandates.
2
Match each institution with its primary economic policy tool or goal.
AfDB matches infrastructure development loans; WTO matches trade dispute resolution; OPEC matches crude oil quota coordination; ECOWAS matches regional trade liberalization and integration.
Connecting institutions to their primary tools establishes the correct conceptual pairs.

Key Concept

Mandates and Operational Roles of International Economic Organizations
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Topics

International Economic Organizations and Regional Integration (ECOWAS, OPEC, IMF, World Bank, WTO, AfDB)

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