Which Organization Was Originally Designed to Encourage Free Trade Between

question 8

Multiple Choice

Which organization was originally designed to encourage free trade between member states by regulating and reducing tariffs on traded goods?

• A) NAFTA
• B) EU
• C) ASEAN
• D) GATT

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Definitions:

Confidence Interval

A range of values, determined from sample statistics, that is likely to contain the value of an unknown population parameter.

Standard Deviation

A gauge for the level of variability or disparity within a set of data points.

Interval Estimate

A type of estimate used in statistics that specifies a range within which a population parameter is expected to lie with a certain level of confidence.

Distribution

Refers to the way in which something is shared out among a group or spread over an area.