Exam 16: Appendix A: International Institutions From a Business Perspective

__________ institutions use norms,values,customs,and ideologies to mold behavior.

The _____________,a group of developed countries,is known for its individual country surveys and other research studies.

In 2005,Brazil sued the U.S.over __________ subsidies,and the WTO ruled in Brazil's favor.

In the free trade area,restrictions still remain on the movement of ________,capital,and people.

One of the significant differences between formal and informal institutions is how they gain compliance. A.1).

An agreement on a tariff amount that gives businesspeople a clear idea of what the tariff will be over time is known as a

The main difference between a free trade area and a customs union is that in a customs union,there is

The UN's International Court of Justice is also known as

All member countries belong to the UN's

The WTO's second principle is _____________ trade through negotiation.

The Bretton Woods Conference established the European Union currency,the euro.

The Doha Development Agenda is

Most African nations have their main trade relationships

The IMF initially played a central role in

Economic integration often progresses

Economic integration agreements are nice for the insiders,such as the U.S.,Mexico,and Canada with NAFTA,but they stand in the way of WTO progress because they violate basic guidelines of the WTO.Agree or disagree.

Informal institutions work on the principle of

As discussed in the module,institutions are organizations constructed to create jobs for government employment initiatives.

This type of institution operates through laws and regulations,with coercion as the regulative mechanism.

The EU began as a common market for