Exam 10: Europe, Africa, and the Middle East

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The _____ is the decision-making body of the European Union and can enact into law all proposals by majority vote except for changes in tax rates on products and services, which require unanimous vote.

(Multiple Choice)
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ECOWAS, SADC, and EAC are active regional cooperative groups in _____.

(Multiple Choice)
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Discuss the expansion of the European Union. What are some of the issues faced by existing members as a result of the expansion?

(Essay)
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The Commonwealth of Independent States is a loose economic and political alliance with open borders but no central government.

(True/False)
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Which of the following makes the South African market an important base for serving nearby African markets that are too small to be considered individually?

(Multiple Choice)
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The Czech Republic, Hungary, the Slovak Republic, and Poland have become members of the _____.

(Multiple Choice)
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Which of the following was a customs union before becoming a common market?

(Multiple Choice)
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The most fully integrated form of regional cooperation is called a:

(Multiple Choice)
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Which of the following is true of large multinational markets?

(Multiple Choice)
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Which of the following is the reason for East Asia's economic success?

(Multiple Choice)
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The importance of political unity to fully achieve all the benefits of economic integration has driven European countries to form the World Trade organization (WTO).

(True/False)
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Though now disbanded, which of the following was considered to be the most notable enforced political union of the last forty years?

(Multiple Choice)
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Successful economic union requires that four factors be in the positive range for success to occur. Briefly describe the four factors.

(Essay)
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An important objective of the member states of the United Nations is bringing about mutual economic development.

(True/False)
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What is the regional cooperation for development?

(Essay)
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Which of the following is a provision of the commonwealth agreement?

(Multiple Choice)
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The adoption of the euro has facilitated which of the following?

(Multiple Choice)
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The decisions of the European Court of Justice can be appealed in national courts.

(True/False)
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Which of the following is a requisite for the survival of any economic union?

(Multiple Choice)
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A free trade area (FTA) provides its members with a mass market without barriers to impede the flow of goods and services.

(True/False)
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