Question 1

________________________________________ was established to mitigate the economic block and trade protection trend prevailing in the 1970's and 1980's. It was established in 1989 at a ministerial meeting in Canberra, Australia.

Accepted Answer

The answer of ________________________________________ was established to mitigate the economic...

Question 2

The former colonies of the ____________________ Empire form the Commonwealth of Nations.

Accepted Answer

The answer of The former colonies of the ____________________ Empire...

Question 3

The North American Free Trade Agreement (NAFTA) is an ambitious plan to create a market of about 800 million people and an annual production worth $11 trillion in the Americas.

Accepted Answer

A) True 
 B)False

Question 4

The Andean Common Market and the Southern Cone Common Market aspire to become a common market.

Accepted Answer

A) True 
 B)False

Question 5

The countries of the former Soviet Union have experienced Russian economic, political, and cultural dominance. As a result, Russian is spoken in many countries in Europe and Asia that were formerly part of the Soviet Empire.

Accepted Answer

A) True 
 B)False

Question 6

The focus of the EU is eastern expansion and the constraints they are faced with are:

Accepted Answer

A) numerous complexities related to the different stages and phases of eastward enlargement. 
B) possibilities of looser associated memberships. 
C) special rights of non-members. 
D) All of the above are correct.

Question 7

A monetary union represents the highest level of integration between countries.

Accepted Answer

A) True 
 B)False

Question 8

Countries with a different level of economic development are more likely to be successful in establishing and maintaining regional economic integration mechanisms than countries of similar levels of economic development because the more powerful country acts as a "benevolent dictator."

Accepted Answer

A) True 
 B)False

Question 9

The Latin American Integration Association does not offer a differential treatment to countries of different levels of development in an attempt to standardize its polices.

Accepted Answer

A) True 
 B)False

Question 10

Former colonies of the British Empire form the Commonwealth of Independent States, a body that meets periodically to address issues of common concern and that recognizes the British monarchy as its symbolic leader.

Accepted Answer

A) True 
 B)False

Question 11

In spite of the national vote against joining the European Union, Switzerland is engaging in bilateral negotiations, securing agreements that would help it to join.

Accepted Answer

A) True 
 B)False

Question 12

The European Commission blocked ______________________________'s $42 billion takeover of Honeywell International, due to the danger that the company could use Honeywell's strength in avionics equipment to expand its competitive strength in aircraft engines.

Accepted Answer

The answer of The European Commission blocked ______________________________'s $42 billion...

Question 13

Estonia, Lithuania, Latvia, the Ukraine, and Turkmenistan use ____________________ as a second language.

Accepted Answer

The answer of Estonia, Lithuania, Latvia, the Ukraine, and Turkmenistan...

Question 14

______________________________ represents the highest level of integration; it assumes a viable economic integration and it involves the establishing of viable common governing bodies, legislative bodies, and enforcement powers.

Accepted Answer

The answer of ______________________________ represents the highest level of integration;...

Question 15

Why did the Latin American Free Trade Association (LAFTA) fail?

Accepted Answer

A) did not have international support 
B) did not have enough member countries to survive economically 
C) the low level of development of member countries 
D) had a poor governing system in place

Question 16

The ___________________________________ is an ambitious plan to create a market of about 800 million people and an annual production worth $11 trillion in the Americas.

Accepted Answer

The answer of The ___________________________________ is an ambitious plan to...

Question 17

How do economic considerations affect economic integration?

Accepted Answer

The answer of How do economic considerations affect economic integration?...

Question 18

Which country is not a member of the Latin American Integration Association?

Accepted Answer

A) Panama 
B) Colombia 
C) Peru 
D) Mexico

Question 19

The Andean Common Market (AnCom) was responsible for eliminating trade restrictions (tariff and nontariff) within the Andean region.

Accepted Answer

A) True 
 B)False

Question 20

The European Union is characterized by a shared regional culture.

Accepted Answer

A) True 
 B)False

Exam 4: Regional Economic and Political Integration

________________________________________ was established to mitigate the economic block and trade protection trend prevailing in the 1970's and 1980's. It was established in 1989 at a ministerial meeting in Canberra, Australia.

The former colonies of the ____________________ Empire form the Commonwealth of Nations.

The North American Free Trade Agreement (NAFTA) is an ambitious plan to create a market of about 800 million people and an annual production worth $11 trillion in the Americas.

The Andean Common Market and the Southern Cone Common Market aspire to become a common market.

The countries of the former Soviet Union have experienced Russian economic, political, and cultural dominance. As a result, Russian is spoken in many countries in Europe and Asia that were formerly part of the Soviet Empire.

The focus of the EU is eastern expansion and the constraints they are faced with are:

A monetary union represents the highest level of integration between countries.

Countries with a different level of economic development are more likely to be successful in establishing and maintaining regional economic integration mechanisms than countries of similar levels of economic development because the more powerful country acts as a "benevolent dictator."

The Latin American Integration Association does not offer a differential treatment to countries of different levels of development in an attempt to standardize its polices.

Former colonies of the British Empire form the Commonwealth of Independent States, a body that meets periodically to address issues of common concern and that recognizes the British monarchy as its symbolic leader.

In spite of the national vote against joining the European Union, Switzerland is engaging in bilateral negotiations, securing agreements that would help it to join.

The European Commission blocked ______________________________'s $42 billion takeover of Honeywell International, due to the danger that the company could use Honeywell's strength in avionics equipment to expand its competitive strength in aircraft engines.

Estonia, Lithuania, Latvia, the Ukraine, and Turkmenistan use ____________________ as a second language.

______________________________ represents the highest level of integration; it assumes a viable economic integration and it involves the establishing of viable common governing bodies, legislative bodies, and enforcement powers.

Why did the Latin American Free Trade Association (LAFTA) fail?

The ___________________________________ is an ambitious plan to create a market of about 800 million people and an annual production worth $11 trillion in the Americas.

How do economic considerations affect economic integration?

Which country is not a member of the Latin American Integration Association?

The Andean Common Market (AnCom) was responsible for eliminating trade restrictions (tariff and nontariff) within the Andean region.

The European Union is characterized by a shared regional culture.