Question 1

Which of the following is an economic benefit of global economic integration?

Accepted Answer

A)  It limits investment opportunities and reduces risks. 
B)  It allows nations to lower trade barriers for specific trade partners. 
C)  It allows for disputes to be handled constructively. 
D)  It builds confidence in a multilateral trading system. 
A)  It limits investment opportunities and reduces risks. 
B)  It allows nations to lower trade barriers for specific trade partners. 
C)  It allows for disputes to be handled constructively. 
D)  It builds confidence in a multilateral trading system.

Question 2

Which of the following customs unions in South America is more pro-free trade?

Accepted Answer

A)  Mercosur 
B)  Andean Community 
C)  Latin American Union 
D)  Trans-Pacific Partnership 
A)  Mercosur 
B)  Andean Community 
C)  Latin American Union 
D)  Trans-Pacific Partnership

Question 3

Protectionist policies promote free trade and economic gains.

Accepted Answer

A) True 
 B)False

Question 4

In 2008,Andean Community and Mercusur countries agreed to form the Union of South American Nations (USAN).

Accepted Answer

A) True 
 B)False

Question 5

Which of the following was the General Agreement on Tariffs and Trade's (GATT's)successor?

Accepted Answer

A)  The World Trade Organization (WTO) 
B)  The International Monetary Fund (IMF) 
C)  The Federation of International Trade Associations (FIT
A)  
D)  The Commonwealth of Independent States (CIS) 
A)  The World Trade Organization (WTO) 
B)  The International Monetary Fund (IMF) 
C)  The Federation of International Trade Associations (FIT
A)  
D)  The Commonwealth of Independent States (CIS)

Question 6

The Doha Round refers to a round of the World Trade Organization (WTO)negotiations to reduce agricultural subsidies,slash tariffs,and strengthen intellectual property protection.

Accepted Answer

A) True 
 B)False

Question 7

Andean Community is relatively more protectionist and suspicious of the United States,whereas Mercosur is more pro-free trade.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

North American Free Trade Agreement (NAFTA)is a free trade agreement (FTA)among Canada,Mexico,and the United States.

Accepted Answer

A) True 
 B)False

Question 10

In 2013 in Bali,Indonesia,159 members of the WTO struck deal that would cut red tape at customs posts around the world and serve as the only tangible achievement of the Doha Round.This deal was known as the:

Accepted Answer

A)  Trade Facilitation Agreement (TF
A)  
B)  United States-Dominican Republic-Central America Free Trade Agreement (CAFT
A)  
C)  Euro Zone Agreement 
D)  Doha Development Agenda 
A)  Trade Facilitation Agreement (TF
A)  
B)  United States-Dominican Republic-Central America Free Trade Agreement (CAFT
A)  
C)  Euro Zone Agreement 
D)  Doha Development Agenda

Question 11

Which of the following is a disadvantage of the General Agreement on Tariffs and Trade's (GATT's)policies?

Accepted Answer

A)  It increased the average trade tariffs among developed countries. 
B)  Non-tariff barriers that were easy to verify and challenge were removed. 
C)  It abolished the Multifiber Arrangement (MF
A) designed to promote free trade in textiles. 
D)  Trade in services and intellectual property (IP)protection was not covered. 
A)  It increased the average trade tariffs among developed countries. 
B)  Non-tariff barriers that were easy to verify and challenge were removed. 
C)  It abolished the Multifiber Arrangement (MF
A) designed to promote free trade in textiles. 
D)  Trade in services and intellectual property (IP)protection was not covered.

Question 12

The Forman Free Trade Agreement (FFTA)is an economic union established to promote regional economic integration among its five member countries.In this case,which of the following is likely to be true?

Accepted Answer

A)  Member countries follow different external policies with nonmember countries. 
B)  Movement of goods and people from nonmember countries is restricted. 
C)  Member countries adopt different currencies. 
D)  Members of the FFTA coordinate and harmonize monetary,fiscal,and taxation policies. 
A)  Member countries follow different external policies with nonmember countries. 
B)  Movement of goods and people from nonmember countries is restricted. 
C)  Member countries adopt different currencies. 
D)  Members of the FFTA coordinate and harmonize monetary,fiscal,and taxation policies.

Question 13

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

Accepted Answer

A)  It is centered on preferential treatments for firms outside a region. 
B)  It restricts free trade and investment in participating countries within a region. 
C)  It reduces the collective political weight of a region. 
D)  It may result in some loss of sovereignty in an economic dimension. 
A)  It is centered on preferential treatments for firms outside a region. 
B)  It restricts free trade and investment in participating countries within a region. 
C)  It reduces the collective political weight of a region. 
D)  It may result in some loss of sovereignty in an economic dimension.

Which of the following is an economic benefit of global economic integration?

Which of the following customs unions in South America is more pro-free trade?

Protectionist policies promote free trade and economic gains.

In 2008,Andean Community and Mercusur countries agreed to form the Union of South American Nations (USAN).

Which of the following was the General Agreement on Tariffs and Trade's (GATT's)successor?

The Doha Round refers to a round of the World Trade Organization (WTO)negotiations to reduce agricultural subsidies,slash tariffs,and strengthen intellectual property protection.

Andean Community is relatively more protectionist and suspicious of the United States,whereas Mercosur is more pro-free trade.

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

North American Free Trade Agreement (NAFTA)is a free trade agreement (FTA)among Canada,Mexico,and the United States.

In 2013 in Bali,Indonesia,159 members of the WTO struck deal that would cut red tape at customs posts around the world and serve as the only tangible achievement of the Doha Round.This deal was known as the:

Which of the following is a disadvantage of the General Agreement on Tariffs and Trade's (GATT's)policies?

The Forman Free Trade Agreement (FFTA)is an economic union established to promote regional economic integration among its five member countries.In this case,which of the following is likely to be true?

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

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

Exam 8: Capitalizing On Global Regional Integration

Which of the following is an economic benefit of global economic integration?

Which of the following customs unions in South America is more pro-free trade?

Protectionist policies promote free trade and economic gains.

In 2008,Andean Community and Mercusur countries agreed to form the Union of South American Nations (USAN).

Which of the following was the General Agreement on Tariffs and Trade's (GATT's)successor?

The Doha Round refers to a round of the World Trade Organization (WTO)negotiations to reduce agricultural subsidies,slash tariffs,and strengthen intellectual property protection.

Andean Community is relatively more protectionist and suspicious of the United States,whereas Mercosur is more pro-free trade.

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

North American Free Trade Agreement (NAFTA)is a free trade agreement (FTA)among Canada,Mexico,and the United States.

In 2013 in Bali,Indonesia,159 members of the WTO struck deal that would cut red tape at customs posts around the world and serve as the only tangible achievement of the Doha Round.This deal was known as the:

Which of the following is a disadvantage of the General Agreement on Tariffs and Trade's (GATT's)policies?

The Forman Free Trade Agreement (FFTA)is an economic union established to promote regional economic integration among its five member countries.In this case,which of the following is likely to be true?

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

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