Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — APEC
Concept & Option Breakdown
Standard Reference VerifiedAsia-Pacific Economic Cooperation (APEC) encompasses 21 diverse member economies ranging from the USA, China, and Japan to small island states, spanning the Pacific Rim. Its member economies account for roughly 40% (two-fifths) of global population and around half of global trade and geographic area.
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