Exam 8: Capitalizing On Global Regional Integration

Lumberne is a continent comprising 18 countries.Currently,Lumberne is a free trade area and an economic union including all 18 countries as members of free trade.Although each country is politically independent,governments of at least 12 countries are negotiating to form a common government.If Lumberne comes to be led by a single government,it would be a _____.

Which of the following will result from global economic integration?

Which of the following improvements resulted after the establishment of the General Agreement on Tariffs and Trade (GATT)?

In comparison with the General Agreement on Tariffs and Trade (GATT),which of the following statements is true of the World Trade Organization (WTO)?

Which of the following was agreed upon and launched at the end of the Uruguay Round in 1994?

The free trade area formed by Costa Rica,El Salvador,Guatemala,Honduras,and Nicaragua-plus the Dominican Republic is called the _____.

Which of the following is a reason that enforcement by the WTO faces controversy?

Praziland is one of the five countries in a free trade area (FTA).In this case,which of the following is likely to be true of the FTA?

_____ has been developing because Asia-Pacific Economic Cooperation (APEC)is too big and too difficult to get anything meaningful done.

In the aftermath of ____ the world began to unify behind global economic integration,which has the fundamental goal of promoting peace.

The 1999 Doha Round,held by the WTO in Seattle,attracted a huge public outcry including 30,000 protestors.

Today's EU established a _____ when 18 EU members adopted of the euro.

The region consisting of eighteen European countries using a common currency is called the _____.

Which of the following was a result of the Australia-New Zealand Closer Economic Relations Trade Agreement (ANZCERTA or CER)?

Regional economic integration refers to efforts to reduce trade and investment barriers around the globe.

The Association of Southeast Asian Nations (ASEAN)was founded in 1967 after being inspired by the EU's success.

Which of the following agreements was signed among Canada,Mexico,and the United States?

Explain the significance,objectives,and outcomes of the Doha Round.

The North West Trading Zone (NWTZ)is a free trade area comprising eleven countries in the Moresian continent.The member countries of this free trade area use different currencies.In addition to imposing common external policies,the NWTZ permits the free movement of goods and people.In this case,the NWTZ is a _____.

Which of the following is a difference between the General Agreement on Tariffs and Trade (GATT)and the World Trade Organization (WTO)?