Question 1

The Smoot-Hawley Act ________.

Accepted Answer

A)  lowered tariffs to encourage trade 
B)  raised tariffs to protect domestic industries 
C)  designated the International Trade Organization as an independent party in trade negotiations 
D)  required that countries treat each other on a nondiscriminatory basis and outlawed unfair trading practices 
A)  lowered tariffs to encourage trade 
B)  raised tariffs to protect domestic industries 
C)  designated the International Trade Organization as an independent party in trade negotiations 
D)  required that countries treat each other on a nondiscriminatory basis and outlawed unfair trading practices

Question 2

Eurozone participants have agreed to limit their annual government deficits to no more than ________ of their GDPs.

Accepted Answer

A)  3 percent 
B)  5 percent 
C)  7 percent 
D)  9 percent 
A)  3 percent 
B)  5 percent 
C)  7 percent 
D)  9 percent

Question 3

Iceland, Norway, and Switzerland do not belong to any regional trading blocs.

Accepted Answer

A) True 
 B)False

Question 4

The Treaty for Europe established a two-track system that allows groups of members to proceed with their economic and political union faster than the European Union as a whole.

Accepted Answer

A) True 
 B)False

Question 5

Which country initiated the Caribbean Basin Initiative?

Accepted Answer

A)  Venezuela 
B)  the United States 
C)  the Caribbean islands 
D)  Bermuda 
A)  Venezuela 
B)  the United States 
C)  the Caribbean islands 
D)  Bermuda

Question 6

Which of the following signed the Treaty of Rome?

Accepted Answer

A)  France 
B)  East Germany 
C)  the United Kingdom 
D)  Spain 
A)  France 
B)  East Germany 
C)  the United Kingdom 
D)  Spain

Question 7

The European Free Trade Association has joined with the ________ to form the European Economic Area.

Accepted Answer

A)  Mercosur 
B)  European Union 
C)  Commonwealth of Independent States 
D)  Benelux nations 
A)  Mercosur 
B)  European Union 
C)  Commonwealth of Independent States 
D)  Benelux nations

Question 8

What is the best means of promoting economic development in Mexico?

Accepted Answer

A)  trade 
B)  mercantilism 
C)  protectionism 
D)  export substitutions 
A)  trade 
B)  mercantilism 
C)  protectionism 
D)  export substitutions

Question 9

The ________ is responsible for proposing legislation, implementing the provisions of the Treaty of Rome, protecting EU interests in political debates, and administering the EU's permanent bureaucracy.

Accepted Answer

A)  European Parliament 
B)  European Court of Justice 
C)  European Council 
D)  European Commission 
A)  European Parliament 
B)  European Court of Justice 
C)  European Council 
D)  European Commission

Question 10

Which of the following countries are not part of the North American Free Trade Agreement (NAFTA)?

Accepted Answer

A)  United States 
B)  Canada 
C)  Mexico 
D)  Honduras 
A)  United States 
B)  Canada 
C)  Mexico 
D)  Honduras

Question 11

What countries are granted the most-favored-nation status under the GATT?

Accepted Answer

A)  less-developed nations 
B)  GATT member countries 
C)  any country that requests it 
D)  only members of the WTO 
A)  less-developed nations 
B)  GATT member countries 
C)  any country that requests it 
D)  only members of the WTO

Question 12

What are the three primary goals of the World Trade Organization? Do you believe the WTO has been successful? Why or why not?

Accepted Answer

The goals of the WTO are to 1) promote t

Question 13

Which of the following was an element of the Treaty of Lisbon?

Accepted Answer

A)  permitting the European Commission to increase in size 
B)  limiting the powers of the European Parliament 
C)  establishing a full-time President of the European Council 
D)  prohibiting national legislatures to voice formal concerns about EU laws 
A)  permitting the European Commission to increase in size 
B)  limiting the powers of the European Parliament 
C)  establishing a full-time President of the European Council 
D)  prohibiting national legislatures to voice formal concerns about EU laws

Question 14

A free trade area requires members to eliminate internal trade barriers and establish a common external trade policy.

Accepted Answer

A) True 
 B)False

Question 15

Which country listed below remains a non-member of the European Free Trade Association?

Accepted Answer

A)  Denmark 
B)  Liechtenstein 
C)  Norway 
D)  Switzerland 
A)  Denmark 
B)  Liechtenstein 
C)  Norway 
D)  Switzerland

Question 16

Which of the following is part of NAFTA?

Accepted Answer

A)  Cuba 
B)  Canada 
C)  Peru 
D)  Greenland 
A)  Cuba 
B)  Canada 
C)  Peru 
D)  Greenland

Question 17

What is a screwdriver plant? What NAFTA guidelines are in place to overcome the problem of screwdriver plants and protect industries?

Accepted Answer

A screwdriver plant is one in which very

Question 18

What is the most important characteristic of regional trading blocs?

Accepted Answer

The most important c

Question 19

Which of the following is the result of GATT?

Accepted Answer

A)  dramatic growth in world trade 
B)  slight increase in world trade 
C)  creation of the European Union 
D)  ITO formation 
A)  dramatic growth in world trade 
B)  slight increase in world trade 
C)  creation of the European Union 
D)  ITO formation

Question 20

The GATT seeks to reduce barriers to international trade.

Accepted Answer

A) True 
 B)False

The Smoot-Hawley Act ________.

Eurozone participants have agreed to limit their annual government deficits to no more than ________ of their GDPs.

Iceland, Norway, and Switzerland do not belong to any regional trading blocs.

The Treaty for Europe established a two-track system that allows groups of members to proceed with their economic and political union faster than the European Union as a whole.

Which country initiated the Caribbean Basin Initiative?

Which of the following signed the Treaty of Rome?

The European Free Trade Association has joined with the ________ to form the European Economic Area.

What is the best means of promoting economic development in Mexico?

The ________ is responsible for proposing legislation, implementing the provisions of the Treaty of Rome, protecting EU interests in political debates, and administering the EU's permanent bureaucracy.

Which of the following countries are not part of the North American Free Trade Agreement (NAFTA)?

What countries are granted the most-favored-nation status under the GATT?

What are the three primary goals of the World Trade Organization? Do you believe the WTO has been successful? Why or why not?

Which of the following was an element of the Treaty of Lisbon?

A free trade area requires members to eliminate internal trade barriers and establish a common external trade policy.

Which country listed below remains a non-member of the European Free Trade Association?

Which of the following is part of NAFTA?

What is a screwdriver plant? What NAFTA guidelines are in place to overcome the problem of screwdriver plants and protect industries?

What is the most important characteristic of regional trading blocs?

Which of the following is the result of GATT?

The GATT seeks to reduce barriers to international trade.

An Overview of International Business

Global Marketplaces and Business Centers

Legal, Technological, and Political Environments

The Role of Culture

Ethics and Social Responsibility in International Business

International Trade and Investment

The International Monetary System and the Balance of Payments

Foreign Exchange and International Financial Markets

Formulation of National Trade Policies

International Strategic Management

Strategies for Analyzing and Entering Foreign Markets

International Strategic Alliances

International Organization Design and Control

Leadership and Employee Behavior in International Business

International Marketing

International Operations Management

International Financial Management

International Human Resource Management and Labor Relations

Filters

Exam 10: International Cooperation Among Nations

The Smoot-Hawley Act ________.

Eurozone participants have agreed to limit their annual government deficits to no more than ________ of their GDPs.

Iceland, Norway, and Switzerland do not belong to any regional trading blocs.

The Treaty for Europe established a two-track system that allows groups of members to proceed with their economic and political union faster than the European Union as a whole.

Which country initiated the Caribbean Basin Initiative?

Which of the following signed the Treaty of Rome?

The European Free Trade Association has joined with the ________ to form the European Economic Area.

What is the best means of promoting economic development in Mexico?

The ________ is responsible for proposing legislation, implementing the provisions of the Treaty of Rome, protecting EU interests in political debates, and administering the EU's permanent bureaucracy.

Which of the following countries are not part of the North American Free Trade Agreement (NAFTA)?

What countries are granted the most-favored-nation status under the GATT?

What are the three primary goals of the World Trade Organization? Do you believe the WTO has been successful? Why or why not?

Which of the following was an element of the Treaty of Lisbon?

A free trade area requires members to eliminate internal trade barriers and establish a common external trade policy.

Which country listed below remains a non-member of the European Free Trade Association?

Which of the following is part of NAFTA?

What is a screwdriver plant? What NAFTA guidelines are in place to overcome the problem of screwdriver plants and protect industries?

What is the most important characteristic of regional trading blocs?

Which of the following is the result of GATT?

The GATT seeks to reduce barriers to international trade.

An Overview of International Business

Global Marketplaces and Business Centers

Legal, Technological, and Political Environments

The Role of Culture

Ethics and Social Responsibility in International Business

International Trade and Investment

The International Monetary System and the Balance of Payments

Foreign Exchange and International Financial Markets

Formulation of National Trade Policies

International Strategic Management

Strategies for Analyzing and Entering Foreign Markets

International Strategic Alliances

International Organization Design and Control

Leadership and Employee Behavior in International Business

International Marketing

International Operations Management

International Financial Management

International Human Resource Management and Labor Relations

Filters