8
QuizMultiple Choice

N/A — Exam

Question 8 • CMS 2026-2027 Economics and Personal Finance HONORS INITIAL CREDIT

Which organization created a shared economy?

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

Explanation

The European Union created a shared economy among its member countries by encouraging economic integration and establishing a common market. This allows goods, services, capital, and people to move more freely across member states. The WTO promotes international trade rules, while ASEAN and NAFTA are regional trade groupings with different arrangements.

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