Question 1

Which of the following is an example of a political union?

Accepted Answer

A)  The EU 
B)  The United States 
C)  The British Commonwealth 
D)  The Andean Community 
A)  The EU 
B)  The United States 
C)  The British Commonwealth 
D)  The Andean Community

Question 2

Discuss how the institution-based perspective accounts for the success of MNEs by focusing on regional opportunities.

Accepted Answer

In order to address the question,"What d

Question 3

Which of the following is a WTO agreement regulating intellectual property?

Accepted Answer

A)  GATT 
B)  GATS 
C)  MFA 
D)  TRIPS 
A)  GATT 
B)  GATS 
C)  MFA 
D)  TRIPS

Question 4

Which of the following is referred to as a multilateral trading system?

Accepted Answer

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

Question 5

Which of the following features refers to the Schengen area in the EU?

Accepted Answer

A)  A passport-free travel zone 
B)  An open migration zone for workers 
C)  A common currency zone 
D)  A Non-EU members' zone 
A)  A passport-free travel zone 
B)  An open migration zone for workers 
C)  A common currency zone 
D)  A Non-EU members' zone

Question 6

A free trade area _____.

Accepted Answer

A)  imposes common external policies on nonparticipants in order to combat trade diversion 
B)  permits the free movement of goods and people among member nations 
C)  comprises a group of countries that remove trade barriers among themselves 
D)  coordinates and harmonizes economic policies in order to blend their economies into a single economic entity 
A)  imposes common external policies on nonparticipants in order to combat trade diversion 
B)  permits the free movement of goods and people among member nations 
C)  comprises a group of countries that remove trade barriers among themselves 
D)  coordinates and harmonizes economic policies in order to blend their economies into a single economic entity

Question 7

The GATT was a multilateral agreement governing the international trade of goods (merchandise) before World War II.

Accepted Answer

A) True 
 B)False

Question 8

In a(n) ____,members coordinate and harmonize monetary,fiscal,and taxation policies.

Accepted Answer

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

Question 9

The Trans-Pacific Partnership (TPP) is a multilateral free trade agreement that aims to further liberalize the economies of the entire Western Hemisphere.

Accepted Answer

A) True 
 B)False

Question 10

TRIPS is a WTO agreement governing the international trade of services.

Accepted Answer

A) True 
 B)False

Question 11

In which of the following types of economic integration systems will the establishment of a common currency be possible?

Accepted Answer

A)  Customs union 
B)  Economic union 
C)  Free trade area 
D)  Common market 
A)  Customs union 
B)  Economic union 
C)  Free trade area 
D)  Common market

Question 12

The _____ was the only round of trade negotiations sponsored by the WTO to reduce agricultural subsidies,slash tariffs,and strengthen intellectual property protection.

Accepted Answer

A)  Copenhagen Consensus 
B)  WTO Ministerial Conference of 1999 
C)  Uruguay Round 
D)  Doha Round 
A)  Copenhagen Consensus 
B)  WTO Ministerial Conference of 1999 
C)  Uruguay Round 
D)  Doha Round

Question 13

Inspired by the EU's success,ASEAN set up an FTA called _____ in 1992.

Accepted Answer

A)  NAFTA 
B)  ACFTA 
C)  AFTA 
D)  CAFTA 
A)  NAFTA 
B)  ACFTA 
C)  AFTA 
D)  CAFTA

Question 14

All the countries of Europe are part of the European Union (EU).

Accepted Answer

A) True 
 B)False

Question 15

Which of the following regions describes the euro zone?

Accepted Answer

A)  A region that comprises EU members without a common currency 
B)  A region that comprises all EU members 
C)  A region that has passport-free traveling 
D)  A region that has a common currency 
A)  A region that comprises EU members without a common currency 
B)  A region that comprises all EU members 
C)  A region that has passport-free traveling 
D)  A region that has a common currency

Question 16

Regional economic integration refers to efforts to reduce trade and investment barriers within one economic region.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is true of the Union of South American Nations (USAN)?

Accepted Answer

A)  It is made of nations that are not present in either the Andean Community or Mercosur. 
B)  It is an integration of Mercosur and the Andean Community. 
C)  It is a proposed free trade area integrating the Andean Community and ASEAN. 
D)  Its integration mechanism is modeled after the NAFTA. 
A)  It is made of nations that are not present in either the Andean Community or Mercosur. 
B)  It is an integration of Mercosur and the Andean Community. 
C)  It is a proposed free trade area integrating the Andean Community and ASEAN. 
D)  Its integration mechanism is modeled after the NAFTA.

Question 18

Which of the following is the economic trade agreement between Australia and New Zealand?

Accepted Answer

A)  CER 
B)  ASEAN 
C)  APEC 
D)  CAFTA 
A)  CER 
B)  ASEAN 
C)  APEC 
D)  CAFTA

Which of the following is an example of a political union?

Discuss how the institution-based perspective accounts for the success of MNEs by focusing on regional opportunities.

Which of the following is a WTO agreement regulating intellectual property?

Which of the following is referred to as a multilateral trading system?

Which of the following features refers to the Schengen area in the EU?

A free trade area _____.

The GATT was a multilateral agreement governing the international trade of goods (merchandise) before World War II.

In a(n) ____,members coordinate and harmonize monetary,fiscal,and taxation policies.

The Trans-Pacific Partnership (TPP) is a multilateral free trade agreement that aims to further liberalize the economies of the entire Western Hemisphere.

TRIPS is a WTO agreement governing the international trade of services.

In which of the following types of economic integration systems will the establishment of a common currency be possible?

The _____ was the only round of trade negotiations sponsored by the WTO to reduce agricultural subsidies,slash tariffs,and strengthen intellectual property protection.

Inspired by the EU's success,ASEAN set up an FTA called _____ in 1992.

All the countries of Europe are part of the European Union (EU).

Which of the following regions describes the euro zone?

Regional economic integration refers to efforts to reduce trade and investment barriers within one economic region.

Which of the following is true of the Union of South American Nations (USAN)?

Which of the following is the economic trade agreement between Australia and New Zealand?

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

Which of the following is an example of a political union?

Discuss how the institution-based perspective accounts for the success of MNEs by focusing on regional opportunities.

Which of the following is a WTO agreement regulating intellectual property?

Which of the following is referred to as a multilateral trading system?

Which of the following features refers to the Schengen area in the EU?

A free trade area _____.

The GATT was a multilateral agreement governing the international trade of goods (merchandise) before World War II.

In a(n) ____,members coordinate and harmonize monetary,fiscal,and taxation policies.

The Trans-Pacific Partnership (TPP) is a multilateral free trade agreement that aims to further liberalize the economies of the entire Western Hemisphere.

TRIPS is a WTO agreement governing the international trade of services.

In which of the following types of economic integration systems will the establishment of a common currency be possible?

The _____ was the only round of trade negotiations sponsored by the WTO to reduce agricultural subsidies,slash tariffs,and strengthen intellectual property protection.

Inspired by the EU's success,ASEAN set up an FTA called _____ in 1992.

All the countries of Europe are part of the European Union (EU).

Which of the following regions describes the euro zone?

Regional economic integration refers to efforts to reduce trade and investment barriers within one economic region.

Which of the following is true of the Union of South American Nations (USAN)?

Which of the following is the economic trade agreement between Australia and New Zealand?

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