One Target of ASEAN Vision 2020 Is to

question 11

Multiple Choice

One target of ASEAN Vision 2020 is to

• A) implement fully and as rapidly as possible the ASEAN Free Trade Area.
• B) form the ASEAN+3 to deal with trade and monetary issues facing Asia.
• C) shift Asian economies from manufacturing based to commodity based.
• D) aid Japan's emergence as the major provider of technology and capital necessary to develop new industries.
• E) prevent the further privatization of state-owned industries.

---

Definitions:

Efficient

The optimal use of resources to achieve the desired outcome with minimal waste or expense.

Voting Outcome

The result of a voting process, determining which candidates or measures have been selected or rejected based on majority preference.

Majority Vote

A decision rule in which the option that receives more than half of the votes is chosen.

Economic Efficiency

A state where resources are allocated in the most effective way possible, maximizing output without wasting any inputs, ensuring that goods and services are produced at the lowest possible cost and distributed to those who value them most.