Exam 10: International Cooperation Among Nations

Country X wants to encourage trade by eliminating trade barriers with the three countries along its borders. However, Country X wants each of the countries to be able to establish their own trade policies even though this may lead to problems with trade deflection. Which form of economic integration is Country X most likely considering?

In which industry is the inadequate enforcement of laws prohibiting illegal usage, copying, or counterfeiting of intellectual property LEAST likely a problem?

Which country listed below is not a member of the European Free Trade Association?

English is the EU's official language.

What function is performed by the European Court of Justice?

What are the four organizations that govern the EU?

Explain the five forms of economic integration and provide an example of each.

The Cassis de Dijon case brought about the concept of ________ among member nations in the EU.

What is the purpose of the European Parliament? Why is the role of the European Parliament likely to expand?

Country X and Country Z have established a complete political and economic integration. The countries are most likely engaged in a(n) ________.

The U.S., a GATT member, lowers its tariffs to Country X, a developing country, but requires the normal tariff for all other countries. The U.S. is most likely using a ________.

What two factors led to the creation of the ASEAN trading bloc?

Which of the following countries is not a member of the European Union?

Which of the following is NOT an organization that governs the European Union?

Which of the following did not sign the Treaty of Rome?

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

A(n) ________ combines the elimination of internal trade barriers among member countries with the adoption of common external trade policies toward nonmembers.

Which of the following is not addressed by the Trade-Related Investment Measures Agreement (TRIMS)?

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

Prior to GATT, high tariffs were the most serious impediment to world trade.