Question 1

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 2

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 a proposed 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 a proposed 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 3

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 4

NAFTA is a free trade agreement between Latin American countries.

Accepted Answer

A) True 
 B)False

Question 5

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 6

Discuss the formation of GATT and the issues that precipitated the formation of the WTO (Post GATT).

Accepted Answer

GATT was established in 1948.Unlike the

Question 7

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 8

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

Accepted Answer

Adopting the euro has three great benefi

Question 9

_____ is the organization underpinning regional economic integration in Southeast Asia.

Accepted Answer

A)  ASEAN 
B)  APEC 
C)  ANZCERTA 
D)  UNASUR 
A)  ASEAN 
B)  APEC 
C)  ANZCERTA 
D)  UNASUR

Question 10

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 11

From an institution-based view,China's economic development since it joined WTO shows the amount of benefits associated with WTO membership.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

In the absence of global economic integr

Question 13

Which of the following is true of the customs unions in South America?

Accepted Answer

A)  The Andean Community's largest trading partner is China. 
B)  Mercosur is more pro-free trade than the Andean Community. 
C)  Andean Community and Mercosur countries are today integrated into the FTAA. 
D)  Mercosur is relatively more protectionist than the Andean Community. 
A)  The Andean Community's largest trading partner is China. 
B)  Mercosur is more pro-free trade than the Andean Community. 
C)  Andean Community and Mercosur countries are today integrated into the FTAA. 
D)  Mercosur is relatively more protectionist than the Andean Community.

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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 16

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

Accepted Answer

The slowdown of multilateralism and the

Question 17

A(n)_____ refers to a group of countries that use a common currency.

Accepted Answer

A)  political union 
B)  customs union 
C)  monetary union 
D)  trade union 
A)  political union 
B)  customs union 
C)  monetary union 
D)  trade union

Question 18

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

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

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

A free trade area _____.

NAFTA is a free trade agreement between Latin American countries.

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

Discuss the formation of GATT and the issues that precipitated the formation of the WTO (Post GATT).

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

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

_____ is the organization underpinning regional economic integration in Southeast Asia.

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

From an institution-based view,China's economic development since it joined WTO shows the amount of benefits associated with WTO membership.

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

Which of the following is true of the customs unions in South America?

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

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

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

A(n)_____ refers to a group of countries that use a common currency.

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

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

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

A free trade area _____.

NAFTA is a free trade agreement between Latin American countries.

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

Discuss the formation of GATT and the issues that precipitated the formation of the WTO (Post GATT).

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

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

_____ is the organization underpinning regional economic integration in Southeast Asia.

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

From an institution-based view,China's economic development since it joined WTO shows the amount of benefits associated with WTO membership.

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

Which of the following is true of the customs unions in South America?

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

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

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

A(n)_____ refers to a group of countries that use a common currency.

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

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