Question 1

Inspired by the EU's success,ASEAN set up an FTA called _____ in 1992.

Accepted Answer

A)   NAFTA 
B)   ACFTA 
C)   AFTA 
D)   CAFTAE) A) and D)
F) A) and C)

Question 2

TRIPS is a WTO agreement governing the international trade of services.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following features refers to the Schengen area in the EU?

Accepted Answer

A)   A passport-free travel zone 
B)   An open migration zone for workers 
C)   A common currency zone 
D)   A Non-EU members' zoneE) A) and B)
F) B) and C)

Question 4

In which of the following types of economic integration systems will the establishment of a common currency be possible?

Accepted Answer

A)   Customs union 
B)   Economic union 
C)   Free trade area 
D)   Common marketE) None of the above
F) C) and D)

Question 5

The Trans-Pacific Partnership (TPP) is a multilateral free trade agreement that aims to further liberalize the economies of the entire Western Hemisphere.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following regions describes the euro zone?

Accepted Answer

A)   A region that comprises EU members without a common currency 
B)   A region that comprises all EU members 
C)   A region that has passport-free traveling 
D)   A region that has a common currencyE) B) and C)
F) C) and D)

Question 7

Discuss how the institution-based perspective accounts for the success of MNEs by focusing on regional opportunities.

Accepted Answer

In order to address the question,"What d...

Question 8

In a(n)  ____,members coordinate and harmonize monetary,fiscal,and taxation policies.

Accepted Answer

A)   customs union 
B)   common market 
C)   economic union 
D)   free trade areaE) All of the above
F) A) and B)

Question 9

Which of the following is referred to as a multilateral trading system?

Accepted Answer

A)   WTO 
B)   EU 
C)   NAFTA 
D)   ASEANE) B) and D)
F) None of the above

Question 10

Which of the following is a WTO agreement regulating intellectual property?

Accepted Answer

A)   GATT 
B)   GATS 
C)   MFA 
D)   TRIPSE) All of the above
F) A) and B)

Question 11

The _____ was the only round of trade negotiations sponsored by the WTO to reduce agricultural subsidies,slash tariffs,and strengthen intellectual property protection.

Accepted Answer

A)   Copenhagen Consensus 
B)   WTO Ministerial Conference of 1999 
C)   Uruguay Round 
D)   Doha RoundE) B) and D)
F) A) and D)

Question 12

Which of the following is an example of a political union?

Accepted Answer

A)   The EU 
B)   The United States 
C)   The British Commonwealth 
D)   The Andean CommunityE) B) and C)
F) All of the above

Question 13

A free trade area _____.

Accepted Answer

A)   imposes common external policies on nonparticipants in order to combat trade diversion 
B)   permits the free movement of goods and people among member nations 
C)   comprises a group of countries that remove trade barriers among themselves 
D)   coordinates and harmonizes economic policies in order to blend their economies into a single economic entityE) All of the above
F) A) and C)

Question 14

Regional economic integration refers to efforts to reduce trade and investment barriers within one economic region.

Accepted Answer

A) True 
 B)False

Question 15

All the countries of Europe are part of the European Union (EU).

Accepted Answer

A) True 
 B)False

Question 16

The GATT was a multilateral agreement governing the international trade of goods (merchandise) before World War II.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is true of the Union of South American Nations (USAN) ?

Accepted Answer

A)   It is made of nations that are not present in either the Andean Community or Mercosur. 
B)   It is an integration of Mercosur and the Andean Community. 
C)   It is a proposed free trade area integrating the Andean Community and ASEAN. 
D)   Its integration mechanism is modeled after the NAFTA.E) B) and D)
F) A) and B)

Question 18

Which of the following is the economic trade agreement between Australia and New Zealand?

Accepted Answer

A)   CER 
B)   ASEAN 
C)   APEC 
D)   CAFTAE) A) and B)
F) B) and D)

Exam 8: Capitalizing on Global and Regional Integration

Which of the following is an example of a political union?

Correct Answer
verified

The Trans-Pacific Partnership (TPP) is a multilateral free trade agreement that aims to further liberalize the economies of the entire Western Hemisphere.

Correct Answer
verified

Which of the following is true of the Union of South American Nations (USAN) ?

Correct Answer
verified

All the countries of Europe are part of the European Union (EU).

Correct Answer
verified

In a(n) ____,members coordinate and harmonize monetary,fiscal,and taxation policies.

Correct Answer
verified

Which of the following regions describes the euro zone?

Correct Answer
verified

Which of the following features refers to the Schengen area in the EU?

Correct Answer
verified

A free trade area _____.

Correct Answer
verified

Which of the following is a WTO agreement regulating intellectual property?

Correct Answer
verified

Which of the following is referred to as a multilateral trading system?

Correct Answer
verified

The GATT was a multilateral agreement governing the international trade of goods (merchandise) before World War II.

Correct Answer
verified

TRIPS is a WTO agreement governing the international trade of services.

Correct Answer
verified

Regional economic integration refers to efforts to reduce trade and investment barriers within one economic region.

Correct Answer
verified

The _____ was the only round of trade negotiations sponsored by the WTO to reduce agricultural subsidies,slash tariffs,and strengthen intellectual property protection.

Correct Answer
verified

Inspired by the EU's success,ASEAN set up an FTA called _____ in 1992.

Correct Answer
verified

In which of the following types of economic integration systems will the establishment of a common currency be possible?

Correct Answer
verified

Which of the following is the economic trade agreement between Australia and New Zealand?

Correct Answer
verified

Discuss how the institution-based perspective accounts for the success of MNEs by focusing on regional opportunities.

Correct Answer
verified
In order to address the question,"What d...
View Answer

Exam 8: Capitalizing on Global and Regional Integration

Which of the following is an example of a political union?

Correct AnswerverifiedShow Answer

The Trans-Pacific Partnership (TPP) is a multilateral free trade agreement that aims to further liberalize the economies of the entire Western Hemisphere.

Correct AnswerverifiedShow Answer

Which of the following is true of the Union of South American Nations (USAN) ?

Correct AnswerverifiedShow Answer

All the countries of Europe are part of the European Union (EU).

Correct AnswerverifiedShow Answer

In a(n) ____,members coordinate and harmonize monetary,fiscal,and taxation policies.

Correct AnswerverifiedShow Answer

Which of the following regions describes the euro zone?

Correct AnswerverifiedShow Answer

Which of the following features refers to the Schengen area in the EU?

Correct AnswerverifiedShow Answer

A free trade area _____.

Correct AnswerverifiedShow Answer

Which of the following is a WTO agreement regulating intellectual property?

Correct AnswerverifiedShow Answer

Which of the following is referred to as a multilateral trading system?

Correct AnswerverifiedShow Answer

The GATT was a multilateral agreement governing the international trade of goods (merchandise) before World War II.

Correct AnswerverifiedShow Answer

TRIPS is a WTO agreement governing the international trade of services.

Correct AnswerverifiedShow Answer

Regional economic integration refers to efforts to reduce trade and investment barriers within one economic region.

Correct AnswerverifiedShow Answer

The _____ was the only round of trade negotiations sponsored by the WTO to reduce agricultural subsidies,slash tariffs,and strengthen intellectual property protection.

Correct AnswerverifiedShow Answer

Inspired by the EU's success,ASEAN set up an FTA called _____ in 1992.

Correct AnswerverifiedShow Answer

In which of the following types of economic integration systems will the establishment of a common currency be possible?

Correct AnswerverifiedShow Answer

Which of the following is the economic trade agreement between Australia and New Zealand?

Correct AnswerverifiedShow Answer

Discuss how the institution-based perspective accounts for the success of MNEs by focusing on regional opportunities.

Correct AnswerverifiedIn order to address the question,"What d...View AnswerShow Answer

Correct Answer
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verified
In order to address the question,"What d...
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