Question 1

Members of the Andean Community (CAN)have a common external tariff.CAN is most likely a ________.

Accepted Answer

A) free trade agreement 
B) customs union 
C) domestic trade zone 
D) free trade sovereignty 
A) free trade agreement 
B) customs union 
C) domestic trade zone 
D) free trade sovereignty

Question 2

The ________ is the European Union's ultimate decision-making body and is composed of the different ministers of the member countries.

Accepted Answer

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

Question 3

The most important rationales for NAFTA are geographic proximity and trading importance.

Accepted Answer

A) True 
 B)False

Question 4

What are the rules of origin and regional content provisions of NAFTA?

Accepted Answer

Because NAFTA is a free trade agreement

Question 5

As companies expand internationally, they must change their organizational structure and operating strategies to take advantage of regional trading groups.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following recently threatened the future of the EU's common currency?

Accepted Answer

A) refusal of the UK to use the euro 
B) failed mergers and acquisitions 
C) debt crisis in Greece 
D) human rights issues 
A) refusal of the UK to use the euro 
B) failed mergers and acquisitions 
C) debt crisis in Greece 
D) human rights issues

Question 7

Although the European Union is a common market, member countries have different economic growth rates.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following primarily triggered Toyota's investment in the European Union?

Accepted Answer

A) Europeans demanded affordable, high quality cars from Japan. 
B) A common currency gave Europeans more buying power. 
C) The EU lowered trade barriers on foreign auto imports. 
D) Japan and the EU formed a free trade agreement. 
A) Europeans demanded affordable, high quality cars from Japan. 
B) A common currency gave Europeans more buying power. 
C) The EU lowered trade barriers on foreign auto imports. 
D) Japan and the EU formed a free trade agreement.

Question 9

The ________ is the common currency of the European Union.

Accepted Answer

A) franc 
B) pound 
C) euro 
D) mark 
A) franc 
B) pound 
C) euro 
D) mark

Question 10

Identify and briefly compare the major regional trading groups in Latin America, Asia, and Africa.

Accepted Answer

a.The major trade group in South America

Question 11

According to regional content rules, at least ________ of the net cost of most products must come from the NAFTA region in order to get access to the tariff reductions of NAFTA.

Accepted Answer

A) 62.5% 
B) 50% 
C) 45% 
D) 40.5% 
A) 62.5% 
B) 50% 
C) 45% 
D) 40.5%

Question 12

An example of an effective commodity agreement is ________.

Accepted Answer

A) the Organization of Petroleum Exporting Countries 
B) the Organization of Petroleum Importing Countries 
C) the International Tin Alliance 
D) the International Cotton Alliance 
A) the Organization of Petroleum Exporting Countries 
B) the Organization of Petroleum Importing Countries 
C) the International Tin Alliance 
D) the International Cotton Alliance

Question 13

A ________ results when free mobility of factors of production is added to a customs union.

Accepted Answer

A) customs union 
B) common market 
C) free trade agreement 
D) regional trade agreement 
A) customs union 
B) common market 
C) free trade agreement 
D) regional trade agreement

Question 14

Which of the following are members of NAFTA?

Accepted Answer

A) the United States, Canada, and Mexico 
B) North America and Latin America 
C) the United Kingdom, the United States, and Canada 
D) the United States, Canada, and Brazil 
A) the United States, Canada, and Mexico 
B) North America and Latin America 
C) the United Kingdom, the United States, and Canada 
D) the United States, Canada, and Brazil

Question 15

What has been the impact of NAFTA on trade and employment in NAFTA nations?

Accepted Answer

Trade and investment among the NAFTA mem

Question 16

The 27-member EU negotiates trade agreements as one.The EU and Brazil have negotiated a strategic trade alliance, which is an example of a ________.

Accepted Answer

A) customs union 
B) global free trade agreement 
C) bilateral agreement 
D) multilateral agreement 
A) customs union 
B) global free trade agreement 
C) bilateral agreement 
D) multilateral agreement

Question 17

________ is a preferential trade agreement that was organized in 1967 and comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

Accepted Answer

A) APEC 
B) OAU 
C) ASEAN 
D) CAFTA 
A) APEC 
B) OAU 
C) ASEAN 
D) CAFTA

Question 18

Global integration occurs as countries from all over the world decide to cooperate through the ________.

Accepted Answer

A) EU 
B) NAFTA agreement 
C) WTO 
D) CARICOM 
A) EU 
B) NAFTA agreement 
C) WTO 
D) CARICOM

Question 19

Which of the following is Walmart's competitive advantage in Mexico?

Accepted Answer

A) Walmart purchased all Mexican retail chains and eliminated competitors. 
B) Walmart is able to transfer its "everyday low prices" concept to Mexico. 
C) Walmart offers affordable, unique products for niche markets in Mexico. 
D) Customers prefer to buy from American companies instead of Mexican companies. 
A) Walmart purchased all Mexican retail chains and eliminated competitors. 
B) Walmart is able to transfer its "everyday low prices" concept to Mexico. 
C) Walmart offers affordable, unique products for niche markets in Mexico. 
D) Customers prefer to buy from American companies instead of Mexican companies.

Question 20

An NGO is a private institution independent from the government.

Accepted Answer

A) True 
 B)False

Members of the Andean Community (CAN)have a common external tariff.CAN is most likely a ________.

The ________ is the European Union's ultimate decision-making body and is composed of the different ministers of the member countries.

The most important rationales for NAFTA are geographic proximity and trading importance.

What are the rules of origin and regional content provisions of NAFTA?

As companies expand internationally, they must change their organizational structure and operating strategies to take advantage of regional trading groups.

Which of the following recently threatened the future of the EU's common currency?

Although the European Union is a common market, member countries have different economic growth rates.

Which of the following primarily triggered Toyota's investment in the European Union?

The ________ is the common currency of the European Union.

Identify and briefly compare the major regional trading groups in Latin America, Asia, and Africa.

According to regional content rules, at least ________ of the net cost of most products must come from the NAFTA region in order to get access to the tariff reductions of NAFTA.

An example of an effective commodity agreement is ________.

A ________ results when free mobility of factors of production is added to a customs union.

Which of the following are members of NAFTA?

What has been the impact of NAFTA on trade and employment in NAFTA nations?

The 27-member EU negotiates trade agreements as one.The EU and Brazil have negotiated a strategic trade alliance, which is an example of a ________.

________ is a preferential trade agreement that was organized in 1967 and comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

Global integration occurs as countries from all over the world decide to cooperate through the ________.

Which of the following is Walmart's competitive advantage in Mexico?

An NGO is a private institution independent from the government.

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters

Exam 8: Cross-National Cooperation and Agreements

Members of the Andean Community (CAN)have a common external tariff.CAN is most likely a ________.

The ________ is the European Union's ultimate decision-making body and is composed of the different ministers of the member countries.

The most important rationales for NAFTA are geographic proximity and trading importance.

What are the rules of origin and regional content provisions of NAFTA?

As companies expand internationally, they must change their organizational structure and operating strategies to take advantage of regional trading groups.

Which of the following recently threatened the future of the EU's common currency?

Although the European Union is a common market, member countries have different economic growth rates.

Which of the following primarily triggered Toyota's investment in the European Union?

The ________ is the common currency of the European Union.

Identify and briefly compare the major regional trading groups in Latin America, Asia, and Africa.

According to regional content rules, at least ________ of the net cost of most products must come from the NAFTA region in order to get access to the tariff reductions of NAFTA.

An example of an effective commodity agreement is ________.

A ________ results when free mobility of factors of production is added to a customs union.

Which of the following are members of NAFTA?

What has been the impact of NAFTA on trade and employment in NAFTA nations?

The 27-member EU negotiates trade agreements as one.The EU and Brazil have negotiated a strategic trade alliance, which is an example of a ________.

________ is a preferential trade agreement that was organized in 1967 and comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

Global integration occurs as countries from all over the world decide to cooperate through the ________.

Which of the following is Walmart's competitive advantage in Mexico?

An NGO is a private institution independent from the government.

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters