Question 1

The original motivations for European integration were economic in nature.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following was NOT an ambition set out by the Doah Round?

Accepted Answer

A)  defeating the terrorist agenda 
B)  reducing agricultural subsidies in developed countries to facilitate exports from developing countries 
C)  strengthening IP protection 
D)  increasing tariffs 
A)  defeating the terrorist agenda 
B)  reducing agricultural subsidies in developed countries to facilitate exports from developing countries 
C)  strengthening IP protection 
D)  increasing tariffs D

Question 3

Which of the following statements is true of global economic integration?

Accepted Answer

A)  It leads to war among trading countries. 
B)  It facilitates equal distribution of benefits. 
C)  It stimulates the economic growth of countries. 
D)  It allows discrimination among trading countries. 
A)  It leads to war among trading countries. 
B)  It facilitates equal distribution of benefits. 
C)  It stimulates the economic growth of countries. 
D)  It allows discrimination among trading countries. C

Question 4

Given the slowdown of multilateralism and the acceleration of regionalism,managers should focus their attention more at global levels than regional levels.

Accepted Answer

A) True 
 B)False

Question 5

Simon is a citizen of Belgium.He can travel to places such as France,Germany,and Greece without a passport.These states of the European Union are referred to as the _____.

Accepted Answer

A)  Sterling area 
B)  Andean Community 
C)  Schengen 
D)  Mercosur 
A)  Sterling area 
B)  Andean Community 
C)  Schengen 
D)  Mercosur

Question 6

The European Union (EU)is now a political union.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following countries is a member country of Asia-Pacific Economic Cooperation (APEC)?

Accepted Answer

A)  India 
B)  Brazil 
C)  Chile 
D)  Italy 
A)  India 
B)  Brazil 
C)  Chile 
D)  Italy

Question 8

The South East Trading Zone (SETZ)is a monetary union comprising eleven member countries. In this case,which of the following statements is true?

Accepted Answer

A)  The member countries will not permit the free movement of goods and people. 
B)  The member countries will not impose common external policies on nonparticipants. 
C)  The member countries will integrate political and economic affairs of a region. 
D)  The member countries will adopt a common currency. 
A)  The member countries will not permit the free movement of goods and people. 
B)  The member countries will not impose common external policies on nonparticipants. 
C)  The member countries will integrate political and economic affairs of a region. 
D)  The member countries will adopt a common currency.

Question 9

The benefits of Association of Southeast Asian Nations (ASEAN)free trade area (AFTA)are limited because:

Accepted Answer

A)  the governments of ASEAN countries are politically unstable. 
B)  of the war between the member countries. 
C)  the member countries are developing countries. 
D)  ASEAN's main trading partners are outside the region. 
A)  the governments of ASEAN countries are politically unstable. 
B)  of the war between the member countries. 
C)  the member countries are developing countries. 
D)  ASEAN's main trading partners are outside the region.

Question 10

Enumerate the free trade areas in Asia Pacific,and discuss their emergence and features.

Accepted Answer

There are three free trade areas (FTAs)i

Question 11

Given the current status of global and regional economic integration,explain the role of managers to venture into a successful business.

Accepted Answer

First,given the slowdown of multilateral

Question 12

Mexico has arguably been NAFTA's biggest beneficiary,almost tripling per capita GDP in two decades.

Accepted Answer

A) True 
 B)False

Question 13

In the context of the World Trade Organization's (WTO's)trade dispute settlement mechanisms,the losing country:

Accepted Answer

A)  experiences no loss of sovereignty. 
B)  has to comply with the World Trade Organization's (WTO's)ruling. 
C)  can defy the WTO ruling by doing nothing and suffer trade retaliation by the winning country. 
D)  can block any unfavorable decision. 
A)  experiences no loss of sovereignty. 
B)  has to comply with the World Trade Organization's (WTO's)ruling. 
C)  can defy the WTO ruling by doing nothing and suffer trade retaliation by the winning country. 
D)  can block any unfavorable decision.

Question 14

The Doha Round was successful because most countries delivered on their promise to reduce agricultural subsidies.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is a disadvantage of global economic integration?

Accepted Answer

A)  Trade may be restricted by imposing protectionism. 
B)  Critics may not be happy with the environmental impact. 
C)  Countries can face discrimination in trade practices. 
D)  People can be deprived of their jobs. 
A)  Trade may be restricted by imposing protectionism. 
B)  Critics may not be happy with the environmental impact. 
C)  Countries can face discrimination in trade practices. 
D)  People can be deprived of their jobs.

Question 16

The _____,signed in 2007 and enacted in 2009,amended the Maastricht Treaty that served as a constitutional basis for the European Union (EU).

Accepted Answer

A)  Paris Treaty 
B)  Treaty of Rome 
C)  Lisbon Treaty 
D)  Brussels Treaty 
A)  Paris Treaty 
B)  Treaty of Rome 
C)  Lisbon Treaty 
D)  Brussels Treaty

Question 17

Explain how the European Union (EU)was formed.

Accepted Answer

Although European economic integration i

Question 18

_____ was established in 1995 as the global multilateral trading system and the organization that supports it.

Accepted Answer

A)  The World Trade Organization (WTO) 
B)  The European Union (EU) 
C)  A customs union 
D)  A monetary union 
A)  The World Trade Organization (WTO) 
B)  The European Union (EU) 
C)  A customs union 
D)  A monetary union

Question 19

The most (in)famous loophole in merchandise trade created through the General Agreement on Tariffs and Trade (GATT)was the _____.

Accepted Answer

A)  Trade-Related Aspects of Intellectual Property Rights (TRIPS) 
B)  General Agreement on Trade in Services (GATS) 
C)  Multifiber Arrangement (MF
A)  
D)  Trade Facilitation Agreement (TF
A)  
A)  Trade-Related Aspects of Intellectual Property Rights (TRIPS) 
B)  General Agreement on Trade in Services (GATS) 
C)  Multifiber Arrangement (MF
A)  
D)  Trade Facilitation Agreement (TF
A)

Question 20

The North Symorian Trade Confederate (NSTC)was established to promote regional economic integration within six countries belonging to the same subcontinent.This free trade area has imposed common external policies on nonparticipants.In this case,NSTC is a _____.

Accepted Answer

A)  customs union 
B)  common union 
C)  monetary union 
D)  political union 
A)  customs union 
B)  common union 
C)  monetary union 
D)  political union

The original motivations for European integration were economic in nature.

Which of the following was NOT an ambition set out by the Doah Round?

Which of the following statements is true of global economic integration?

Given the slowdown of multilateralism and the acceleration of regionalism,managers should focus their attention more at global levels than regional levels.

Simon is a citizen of Belgium.He can travel to places such as France,Germany,and Greece without a passport.These states of the European Union are referred to as the _____.

The European Union (EU)is now a political union.

Which of the following countries is a member country of Asia-Pacific Economic Cooperation (APEC)?

The South East Trading Zone (SETZ)is a monetary union comprising eleven member countries. In this case,which of the following statements is true?

The benefits of Association of Southeast Asian Nations (ASEAN)free trade area (AFTA)are limited because:

Enumerate the free trade areas in Asia Pacific,and discuss their emergence and features.

Given the current status of global and regional economic integration,explain the role of managers to venture into a successful business.

Mexico has arguably been NAFTA's biggest beneficiary,almost tripling per capita GDP in two decades.

In the context of the World Trade Organization's (WTO's)trade dispute settlement mechanisms,the losing country:

The Doha Round was successful because most countries delivered on their promise to reduce agricultural subsidies.

Which of the following is a disadvantage of global economic integration?

The _____,signed in 2007 and enacted in 2009,amended the Maastricht Treaty that served as a constitutional basis for the European Union (EU).

Explain how the European Union (EU)was formed.

_____ was established in 1995 as the global multilateral trading system and the organization that supports it.

The most (in)famous loophole in merchandise trade created through the General Agreement on Tariffs and Trade (GATT)was the _____.

The North Symorian Trade Confederate (NSTC)was established to promote regional economic integration within six countries belonging to the same subcontinent.This free trade area has imposed common external policies on nonparticipants.In this case,NSTC is a _____.

Globalizing Business

Understanding Politics Laws Economics

Emphasizing Cultures Ethics Norms

Leveraging Resources Capabilities

Trading Internationally

Investing Abroad Directly

Dealing With Foreign Exchange

Growing Internationalizing The Entrepreneurial Firm

Entering Foreign Markets

Making Alliances Acquisitions Work

Strategizing Structuring Learning Around The World

Managing Human Resources Globally

Competing On Marketing and Supply Chain Management

Managing Corporate Social Responsibility Globally

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Exam 8: Capitalizing On Global Regional Integration

The original motivations for European integration were economic in nature.

Which of the following was NOT an ambition set out by the Doah Round?

Which of the following statements is true of global economic integration?

Given the slowdown of multilateralism and the acceleration of regionalism,managers should focus their attention more at global levels than regional levels.

Simon is a citizen of Belgium.He can travel to places such as France,Germany,and Greece without a passport.These states of the European Union are referred to as the _____.

The European Union (EU)is now a political union.

Which of the following countries is a member country of Asia-Pacific Economic Cooperation (APEC)?

The South East Trading Zone (SETZ)is a monetary union comprising eleven member countries. In this case,which of the following statements is true?

The benefits of Association of Southeast Asian Nations (ASEAN)free trade area (AFTA)are limited because:

Enumerate the free trade areas in Asia Pacific,and discuss their emergence and features.

Given the current status of global and regional economic integration,explain the role of managers to venture into a successful business.

Mexico has arguably been NAFTA's biggest beneficiary,almost tripling per capita GDP in two decades.

In the context of the World Trade Organization's (WTO's)trade dispute settlement mechanisms,the losing country:

The Doha Round was successful because most countries delivered on their promise to reduce agricultural subsidies.

Which of the following is a disadvantage of global economic integration?

The _____,signed in 2007 and enacted in 2009,amended the Maastricht Treaty that served as a constitutional basis for the European Union (EU).

Explain how the European Union (EU)was formed.

_____ was established in 1995 as the global multilateral trading system and the organization that supports it.

The most (in)famous loophole in merchandise trade created through the General Agreement on Tariffs and Trade (GATT)was the _____.

The North Symorian Trade Confederate (NSTC)was established to promote regional economic integration within six countries belonging to the same subcontinent.This free trade area has imposed common external policies on nonparticipants.In this case,NSTC is a _____.

Globalizing Business

Understanding Politics Laws Economics

Emphasizing Cultures Ethics Norms

Leveraging Resources Capabilities

Trading Internationally

Investing Abroad Directly

Dealing With Foreign Exchange

Growing Internationalizing The Entrepreneurial Firm

Entering Foreign Markets

Making Alliances Acquisitions Work

Strategizing Structuring Learning Around The World

Managing Human Resources Globally

Competing On Marketing and Supply Chain Management

Managing Corporate Social Responsibility Globally

Filters