Exam 10: International Cooperation Among Nations

Which country represents the biggest threat to Mexico's trade-driven economy?

Which EU organization is considered the most powerful?

What type of economic integration is exemplified by NAFTA? How has NAFTA benefited the countries involved?

A coalition of two large countries or three smaller countries can block a decision by the Council of the Economic Union.

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

The EU uses a(n) ________ in areas such as health, consumer policy, and free movement of workers.

Each form of economic integration benefits a nation as a whole, but can hurt certain sectors or communities within the economy.

The EU's "one size fits all" monetary policy has been hailed as a success because it treats all countries equally.

Which organization is responsible for controlling the Eurozone's money supply, interest rates, and inflation?

The gains from NAFTA have been equally divided among member countries.

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 EU as a whole.

Country X treats foreign firms the same way it treats domestic firms. Country X most likely engages in ________.

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

What is the greatest challenge of the European Union?

Why do you think it takes years to transform an EU Commission proposal into an EU law and then implement that law into national legislation?

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

The Maastricht Treaty is also known as the Treaty on European Union.

What organization replaced the GATT?

Which country initiated the Caribbean Basin Initiative?

Which round created the WTO?