50
QuizMultiple Choice

Making Spending Decisions — Cumulative exam

Question 50 • ***CPS Online Personal Finance fall – 3-2027

Which organization created a shared economy?

Answer
A
European Union
B
World Trade Organization
C
North American Free Trade Agreements
D
Association of Southeast Asian Nations

Explanation

The European Union created a shared economic area among its member countries, including a single market that allows goods, services, capital, and people to move more freely across borders. The World Trade Organization sets global trade rules, while the other choices are regional trade or cooperation organizations rather than the shared economy described here.

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