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mediumMCQPractice Test2026General Knowledge
1 mark

In what ways does the Organization for Economic Cooperation and Development (OECD) support economic development?

  1. A
    By imposing trade barriers to protect member countries' economies
  2. B
    By restricting foreign investments in member countries
  3. C
    By improving exchange rate mechanism in member countries' economies
  4. D
    By promoting policies that improve economic and social well-being

Solution & Step-by-step Explanation

The Organisation for Economic Co-operation and Development (OECD) is an international organization that works to build better policies for better lives. Its main goal is to shape policies that foster prosperity, equality, opportunity, and economic and social well-being for all.

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Try it yourself before checking the explanation above.

In what ways does the Organization for Economic Cooperation and Development (OECD) support economic development?
A
By imposing trade barriers to protect member countries' economies
B
By restricting foreign investments in member countries
C
By improving exchange rate mechanism in member countries' economies
D
By promoting policies that improve economic and social well-being

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International OrganizationsEconomicsSocial Well-being

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