Deck 8: European Integration

Question 1

Which of the following statements best describes the role of the World Bank?

A)The World Bank provides finance for large development projects in developing countries, such as transportation infrastructure, agricultural irrigation or banking sector reform
B)The World Bank provides subsidies for large development projects in developing countries, such as transportation infrastructure, agricultural irrigation or banking sector reform
C)The World Bank is a commercial bank that focuses on banking in developing countries
D)The World Bank has a role similar to Central Banks in individual nation states, and acts as lender of last resort to secure the liquidity of the global financial system

Answer 1

A

Question 2

Which is not one of the main areas of the WTO?

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

Answer 2

D

Question 3

The negotiations over global regulation of the financial sector following the financial crisis of 2008/09 are known as 'Doha round' negotiations.

Answer 3

False

Question 4

The WTO is a predecessor organization of the GATT.

Question 5

ASEAN is a regional free trade area in Southeast Asia.

Question 6

Free trade areas can have a negative effect on economic welfare because of the

A)Trade diversion effect
B)Trade creation effect
C)Trade reduction effect
D)Trade exploitation effect

Question 7

The IMF does not provide financial support to countries with temporary imbalances in their balance of trade.

Question 8

The Pisa Agreement and the Bristol Accord aimed to address the challenges of climate change.

Question 9

Which is not a role performed by the IMF?

A)Lending to countries in temporary financial difficulties
B)Monitoring the global economy
C)Financing economic development projects
D)Providing technical assistance to developing countries

Question 10

Which of the following statements on the trade regime of the USA is false?

A)The USA has bilateral free trade agreements with more than a dozen countries around the world
B)The USA is a member of the WTO
C)The USA is a member of NAFTA
D)The USA is a member of ASEAN

Question 11

The committee of regulators and central bankers that is setting standards for financial sector regulation, such as minimum equity requirements, is known as:

A)IMF
B)Kyoto Committee
C)Basel Committee
D)EBRD

Question 12

The European Bank for Reconstruction and Development is responsible for financial sector regulation in Europe.