Which of the following is a major role that international organizations play in the global economy?

• A. Directly controlling the monetary policy of all nations
• B. Producing goods and services for global markets
• C. Setting national tax rates for member countries
• D. Facilitating trade agreements between countries

Answer: (D)

Verified step by step guidance

1. Understand the role of international organizations in the global economy by identifying their primary functions and responsibilities.
2. Recognize that international organizations typically do not have the authority to directly control national monetary policies, as these are managed by individual countries' central banks.
3. Note that producing goods and services is generally the role of private firms and governments, not international organizations.
4. Acknowledge that setting national tax rates is a sovereign decision made by individual countries, not by international organizations.
5. Conclude that a major role of international organizations is to facilitate trade agreements between countries, helping to reduce barriers and promote cooperation in the global market.