Exam 5: Global and Regional Economic Cooperation and Integration

Taiwan has been prevented from membership because of the political issue with China and has only been granted observer status by the United Nations.

(True/False)

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Question 21

The _____ provides the day-to-day leadership and initiates legislation.

(Multiple Choice)

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Question 22

WTO functions as a trade facilitator for the member countries but it has no power to hear disputes or suggest a solution.

(True/False)

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Question 23

Trade diversion refers to the:

(Multiple Choice)

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Question 24

Which were the three areas that were targeted by the Treaty of Maastricht that led to the transformation of the European Union into a real economic union?

(Essay)

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Question 25

Which of the following statements is true about MERCOSUR?

(Multiple Choice)

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Question 26

_____ are diamonds that originate from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and are used to fund military action in opposition to those governments.

(Short Answer)

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Question 27

How did the General Agreement on Tariffs and Trade (GATT) promote international trade and commerce?

(Essay)

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Question 28

The biggest change from GATT to the WTO was the provision for the _____.

(Short Answer)

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Question 29

When it was introduced, NAFTA was highly controversial because:

(Multiple Choice)

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Question 30

The basic underlying principle of GATT was:

(Multiple Choice)

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Question 31

The goal of NAFTA has been to encourage trade between the South American countries.

(True/False)

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Question 32

_____ which developed as a result of the Uruguay Round of GATT was designed to be an actual institution charged with the mission of promoting free and fair trade.

(Short Answer)

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Question 33

The Andean Community is a free trade agreement signed in 1969 between Bolivia, Chile, Colombia, Ecuador, and Peru.

(True/False)

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Question 34

Current account deficit refers to:

(Multiple Choice)

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Question 35

What was the crucial difference between General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO)?

(Essay)

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Question 36

A film studio produces a movie whose storyline is borrowed from a book. The film producer had not received permission from the book's author to portray the contents of the book in the movie. This act of the movie producer is:

(Multiple Choice)

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Question 37

A country may resort to reducing the tax rates on its citizens in order to stimulate its economy.

(True/False)

4.8/5

(45)

Question 38

What is the World Trade Organization (WTO)?

(Essay)

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Question 39

Trade creation refers to the:

(Multiple Choice)

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Question 40

Showing 21 - 40 of 94

Taiwan has been prevented from membership because of the political issue with China and has only been granted observer status by the United Nations.

The _____ provides the day-to-day leadership and initiates legislation.

WTO functions as a trade facilitator for the member countries but it has no power to hear disputes or suggest a solution.

Trade diversion refers to the:

Which were the three areas that were targeted by the Treaty of Maastricht that led to the transformation of the European Union into a real economic union?

Which of the following statements is true about MERCOSUR?

_____ are diamonds that originate from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and are used to fund military action in opposition to those governments.

How did the General Agreement on Tariffs and Trade (GATT) promote international trade and commerce?

The biggest change from GATT to the WTO was the provision for the _____.

When it was introduced, NAFTA was highly controversial because:

The basic underlying principle of GATT was:

The goal of NAFTA has been to encourage trade between the South American countries.

_____ which developed as a result of the Uruguay Round of GATT was designed to be an actual institution charged with the mission of promoting free and fair trade.

The Andean Community is a free trade agreement signed in 1969 between Bolivia, Chile, Colombia, Ecuador, and Peru.

Current account deficit refers to:

What was the crucial difference between General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO)?

A film studio produces a movie whose storyline is borrowed from a book. The film producer had not received permission from the book's author to portray the contents of the book in the movie. This act of the movie producer is:

A country may resort to reducing the tax rates on its citizens in order to stimulate its economy.

What is the World Trade Organization (WTO)?

Trade creation refers to the:

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Exporting, Importing, and Global Sourcing

Strategy and International Business

Global Entrepreneurship and Intrapreneurship

Winning Through Effective, Global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

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