Question 1

ACFTA brought China into a free trade agreement with the Association of Southeast Asian Nations.

Accepted Answer

A) True 
 B)False

Question 2

The UNASUR is a free trade agreement between the United States and five Central American countries and the Dominican Republic.

Accepted Answer

A) True 
 B)False

Question 3

Discuss whether global and regional economic integration create more benefits or more challenges.

Accepted Answer

In the absence of global economic integr

Question 4

The refusal of Japan,the EU,and the US to reduce farm subsidies was one of the reasons for the collapse of the Doha Round.

Accepted Answer

A) True 
 B)False

Question 5

Every time a WTO country lowers a trade barrier,it has to do the same for all other member countries.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is an example of regional economic integration?

Accepted Answer

A)  The European Union 
B)  The British Commonwealth 
C)  The Cingular and AT&T merger 
D)  The Commonwealth of Independent States 
A)  The European Union 
B)  The British Commonwealth 
C)  The Cingular and AT&T merger 
D)  The Commonwealth of Independent States

Question 7

A customs union imposes common external policies on nonparticipants in order to combat trade diversion.

Accepted Answer

A) True 
 B)False

Question 8

One of the main objectives for establishing the WTO was to strengthen the trade dispute settlement mechanism.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following was part of the agenda of the Doha Round?

Accepted Answer

A)  Reducing agricultural subsidies in developing countries 
B)  Increasing tariffs in the industries that developed countries might benefit from 
C)  Freeing up trade in services 
D)  Loosening intellectual property protection 
A)  Reducing agricultural subsidies in developing countries 
B)  Increasing tariffs in the industries that developed countries might benefit from 
C)  Freeing up trade in services 
D)  Loosening intellectual property protection

Question 10

The _____ was a multilateral agreement,created in 1948,governing the international trade of goods (merchandise).

Accepted Answer

A)  WTO 
B)  GATT 
C)  UN 
D)  EU 
A)  WTO 
B)  GATT 
C)  UN 
D)  EU

Question 11

The European Union (EU) was established when the ____ went into effect in 1993.

Accepted Answer

A)  Treaty of Rome 
B)  Maastricht Treaty 
C)  Lisbon Treaty 
D)  ECSC Treaty 
A)  Treaty of Rome 
B)  Maastricht Treaty 
C)  Lisbon Treaty 
D)  ECSC Treaty

Question 12

Discuss the benefits and costs faced by the EU member countries sharing a common currency,the euro.

Accepted Answer

Benefits ●Reduce currency convers

Question 13

CAFTA refers to _____.

Accepted Answer

A)  a regional integration mechanism integrating two existing customs unions (Andean Community and Mercosur) in South America 
B)  a free trade agreement between the United States and five Central American countries and the Dominican Republic 
C)  a proposed free trade area for the entire Western Hemisphere 
D)  a proposed customs union between nations that are present near the Pacific Ocean 
A)  a regional integration mechanism integrating two existing customs unions (Andean Community and Mercosur) in South America 
B)  a free trade agreement between the United States and five Central American countries and the Dominican Republic 
C)  a proposed free trade area for the entire Western Hemisphere 
D)  a proposed customs union between nations that are present near the Pacific Ocean

Question 14

The General Agreement on Tariffs and Trade (GATT) expanded considerably into a multilateral trading system called _____.

Accepted Answer

A)  EU 
B)  NAFTA 
C)  UN 
D)  WTO 
A)  EU 
B)  NAFTA 
C)  UN 
D)  WTO

Question 15

The Doha Round primarily aimed at strengthening economic development in developed economies.

Accepted Answer

A) True 
 B)False

Question 16

The EU is an example of a(n) ____.

Accepted Answer

A)  free trade area 
B)  customs union 
C)  common market 
D)  economic union 
A)  free trade area 
B)  customs union 
C)  common market 
D)  economic union

Question 17

Due to the slowdown of multilateralism and the acceleration of regionalism,managers are advised to focus their attention more at global than regional levels.

Accepted Answer

A) True 
 B)False

Question 18

NAFTA is an example of a(n) _____.

Accepted Answer

A)  free trade area 
B)  customs union 
C)  common market 
D)  economic union 
A)  free trade area 
B)  customs union 
C)  common market 
D)  economic union

Question 19

Describe the European Union as an economic union.

Accepted Answer

The EU today is an economic union.Intern

Question 20

_____ refers to the official title for regional economic integration involving 21 member economies around the Pacific.

Accepted Answer

A)  UNASUR 
B)  APEC 
C)  NAFTA 
D)  CAFTA 
A)  UNASUR 
B)  APEC 
C)  NAFTA 
D)  CAFTA

ACFTA brought China into a free trade agreement with the Association of Southeast Asian Nations.

The UNASUR is a free trade agreement between the United States and five Central American countries and the Dominican Republic.

Discuss whether global and regional economic integration create more benefits or more challenges.

The refusal of Japan,the EU,and the US to reduce farm subsidies was one of the reasons for the collapse of the Doha Round.

Every time a WTO country lowers a trade barrier,it has to do the same for all other member countries.

Which of the following is an example of regional economic integration?

A customs union imposes common external policies on nonparticipants in order to combat trade diversion.

One of the main objectives for establishing the WTO was to strengthen the trade dispute settlement mechanism.

Which of the following was part of the agenda of the Doha Round?

The _____ was a multilateral agreement,created in 1948,governing the international trade of goods (merchandise).

The European Union (EU) was established when the ____ went into effect in 1993.

Discuss the benefits and costs faced by the EU member countries sharing a common currency,the euro.

CAFTA refers to _____.

The General Agreement on Tariffs and Trade (GATT) expanded considerably into a multilateral trading system called _____.

The Doha Round primarily aimed at strengthening economic development in developed economies.

The EU is an example of a(n) ____.

Due to the slowdown of multilateralism and the acceleration of regionalism,managers are advised to focus their attention more at global than regional levels.

NAFTA is an example of a(n) _____.

Describe the European Union as an economic union.

_____ refers to the official title for regional economic integration involving 21 member economies around the Pacific.

Globalizing Business

Understanding Formal Institutions: Politics, laws, and Economics

Emphasizing Informal Institutions: Cultures, ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing With Foreign Exchange

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,structuring,and Learning Around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters

Exam 8: Capitalizing on Global and Regional Integration

ACFTA brought China into a free trade agreement with the Association of Southeast Asian Nations.

The UNASUR is a free trade agreement between the United States and five Central American countries and the Dominican Republic.

Discuss whether global and regional economic integration create more benefits or more challenges.

The refusal of Japan,the EU,and the US to reduce farm subsidies was one of the reasons for the collapse of the Doha Round.

Every time a WTO country lowers a trade barrier,it has to do the same for all other member countries.

Which of the following is an example of regional economic integration?

A customs union imposes common external policies on nonparticipants in order to combat trade diversion.

One of the main objectives for establishing the WTO was to strengthen the trade dispute settlement mechanism.

Which of the following was part of the agenda of the Doha Round?

The _____ was a multilateral agreement,created in 1948,governing the international trade of goods (merchandise).

The European Union (EU) was established when the ____ went into effect in 1993.

Discuss the benefits and costs faced by the EU member countries sharing a common currency,the euro.

CAFTA refers to _____.

The General Agreement on Tariffs and Trade (GATT) expanded considerably into a multilateral trading system called _____.

The Doha Round primarily aimed at strengthening economic development in developed economies.

The EU is an example of a(n) ____.

Due to the slowdown of multilateralism and the acceleration of regionalism,managers are advised to focus their attention more at global than regional levels.

NAFTA is an example of a(n) _____.

Describe the European Union as an economic union.

_____ refers to the official title for regional economic integration involving 21 member economies around the Pacific.

Globalizing Business

Understanding Formal Institutions: Politics, laws, and Economics

Emphasizing Informal Institutions: Cultures, ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing With Foreign Exchange

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,structuring,and Learning Around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters