Question 1

The Multifibre Arrangement (MFA)was in violation of the GATT.

Accepted Answer

A) True 
 B)False

Question 2

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 3

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 4

Which of the following characterizes a customs union?

Accepted Answer

A)  It requires each member to maintain different external policies regarding non-members. 
B)  It imposes common external policies on non-members. 
C)  It integrates the political and economic affairs of a region. 
D)  It permits the free movement of goods and people among its members. 
A)  It requires each member to maintain different external policies regarding non-members. 
B)  It imposes common external policies on non-members. 
C)  It integrates the political and economic affairs of a region. 
D)  It permits the free movement of goods and people among its members.

Question 5

Describe the pros and cons of regional economic integration.

Accepted Answer

Similar to global economic integration,t

Question 6

Which of the following countries is an original signatory of the Trans-Pacific Partnership (TPP)?

Accepted Answer

A)  The United States of America 
B)  Australia 
C)  Chile 
D)  Japan 
A)  The United States of America 
B)  Australia 
C)  Chile 
D)  Japan

Question 7

ACFTA is currently the largest Free Trade Area in terms of population.

Accepted Answer

A) True 
 B)False

Question 8

The former Soviet Union is an example of a political union.

Accepted Answer

A) True 
 B)False

Question 9

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 10

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 11

GATT 1994 refers to the agreement governing the international trade of goods in the WTO.

Accepted Answer

A) True 
 B)False

Question 12

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

Question 13

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 14

Describe the European Union as an economic union.

Accepted Answer

The EU is a single market in which busin

Question 15

General Agreement on Tariffs and Trade (GATT)expanded considerably to become the EU.

Accepted Answer

A) True 
 B)False

Question 16

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 17

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

Accepted Answer

A)  The former Soviet Union 
B)  The EU (European Union) 
C)  The Andean Community (South America) 
D)  The NAFTA (North American Free Trade Agreement) 
A)  The former Soviet Union 
B)  The EU (European Union) 
C)  The Andean Community (South America) 
D)  The NAFTA (North American Free Trade Agreement)

Question 18

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 19

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 20

Explain possible benefits of global economic integration.

Accepted Answer

The postwar urge for global economic int

The Multifibre Arrangement (MFA)was in violation of the GATT.

CAFTA refers to _____.

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

Which of the following characterizes a customs union?

Describe the pros and cons of regional economic integration.

Which of the following countries is an original signatory of the Trans-Pacific Partnership (TPP)?

ACFTA is currently the largest Free Trade Area in terms of population.

The former Soviet Union is an example of a political union.

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

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

GATT 1994 refers to the agreement governing the international trade of goods in the WTO.

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

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

Describe the European Union as an economic union.

General Agreement on Tariffs and Trade (GATT)expanded considerably to become the EU.

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

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

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

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

Explain possible benefits of global economic integration.

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

The Multifibre Arrangement (MFA)was in violation of the GATT.

CAFTA refers to _____.

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

Which of the following characterizes a customs union?

Describe the pros and cons of regional economic integration.

Which of the following countries is an original signatory of the Trans-Pacific Partnership (TPP)?

ACFTA is currently the largest Free Trade Area in terms of population.

The former Soviet Union is an example of a political union.

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

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

GATT 1994 refers to the agreement governing the international trade of goods in the WTO.

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

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

Describe the European Union as an economic union.

General Agreement on Tariffs and Trade (GATT)expanded considerably to become the EU.

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

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

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

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

Explain possible benefits of global economic integration.

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