Question 1

The most advanced and viable of Africa's regional organizations is called the Southern African Development Community.

Accepted Answer

A) True 
 B)False

Question 2

provided the European Community with the Economic and Monetary Union (EMU)and the ________ Union.

Accepted Answer

The answer of provided the European Community with the Economic...

Question 3

The ______________ has reduced or eliminated internal tariffs and adds a common external tariff on products imported from countries outside the group.

Accepted Answer

A) political union 
B) common market 
C) regional cooperation for development (RC
D)  
D) customs union 
E) free trade area (FT
A)

Question 4

At present there is no formal association or group that administers to the needs of Caribbean countries.

Accepted Answer

A) True 
 B)False

Question 5

All of the following are areas of difficult negotiation for the European Union as it considers adding more members EXCEPT:

Accepted Answer

A) United Nations issues. 
B) agriculture issues. 
C) human rights issues. 
D) financial considerations. 
E) border issues.

Question 6

Similarity of cultures can make or break an economic union.Although there is great cultural diversity in the European Union,key members share ___________________ and are commonly aware of being European.

Accepted Answer

A) a common language 
B) a long-established Christian heritage 
C) a dislike for foreigners 
D) a tradition of monarchy and feudalism 
E) a democratic background and heritage

Question 7

and established procedures for expansion to Central and Eastern Europe?

Accepted Answer

A) Versailles Treaty 
B) London Treaty 
C) Amsterdam Treaty 
D) Monaco Treaty 
E) Paris Treaty

Question 8

The World Trade Organization is wholly dedicated to __________.

Accepted Answer

A) the expansion of capitalism 
B) the elimination of language barriers in trade 
C) free and open national borders 
D) the enforcement of international bribery laws 
E) the making trade among nations more efficient

Question 9

Many international trade experts have marveled at how members of the European Union have overcome ___________,___________,and __________ differences.

Accepted Answer

A) marketing;management;geometric 
B) energy;political;geographical 
C) cultural;legal;social 
D) sensitivity;coastal;religious 
E) articulation;educational;technological

Question 10

Preceding the creation of NAFTA,which of the following two countries had the world's largest bilateral trade agreement?

Accepted Answer

A) England and the United States 
B) the United States and Mexico 
C) the United States and Canada 
D) England and France 
E) Germany and the United States

Question 11

The European Union is a good example of a free trade area.

Accepted Answer

A) True 
 B)False

Question 12

The __________ increases the authority of the institutions of the EU and is designed to accommodate the changes brought about by the monetary union and the admission of new members.

Accepted Answer

A) Treaty of Rome 
B) Single European Act 
C) Maastricht Treaty 
D) NAFTA 
E) Amsterdam Treaty

Question 13

A ___________ of nations is a voluntary organization providing for the loosest possible relationship that can be classified as economic integration.

Accepted Answer

A) cartel 
B) democracy 
C) commonwealth 
D) pact 
E) union

Question 14

Not surprisingly,the Middle East has been very aggressive in forming multinational market groups.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

One of the challenges facing the Union in the next 50 years is __________.

Accepted Answer

A) improving the Union's economic performance 
B) managing and preserving the value of the euro 
C) avoiding isolation from the United Nations 
D) the aging European population 
E) transitioning to a common language

Question 17

____________ are factories in Mexico assembling products for NAFTA markets.

Accepted Answer

The answer of ____________ are factories in Mexico assembling products...

Question 18

The currency of the European Union is now officially the:

Accepted Answer

A) dollar. 
B) pound. 
C) franc. 
D) fround (combined pound and franc). 
E) euro.

Question 19

________________ rather than NAFTA may be the organization that finally unites all of the Americas in a free trade agreement.

Accepted Answer

The answer of ________________ rather than NAFTA may be the...

Question 20

Some of the key provisions of NAFTA center on the topics of market access,nontariff barriers,and rules of origin.

Accepted Answer

A) True 
 B)False

Exam 10: Multinational Market Regions and Market Groups

The most advanced and viable of Africa's regional organizations is called the Southern African Development Community.

provided the European Community with the Economic and Monetary Union (EMU)and the ________ Union.

The ______________ has reduced or eliminated internal tariffs and adds a common external tariff on products imported from countries outside the group.

At present there is no formal association or group that administers to the needs of Caribbean countries.

All of the following are areas of difficult negotiation for the European Union as it considers adding more members EXCEPT:

Similarity of cultures can make or break an economic union.Although there is great cultural diversity in the European Union,key members share ___________________ and are commonly aware of being European.

and established procedures for expansion to Central and Eastern Europe?

The World Trade Organization is wholly dedicated to __________.

Many international trade experts have marveled at how members of the European Union have overcome _____,_,and ______ differences.

Preceding the creation of NAFTA,which of the following two countries had the world's largest bilateral trade agreement?

The European Union is a good example of a free trade area.

The __________ increases the authority of the institutions of the EU and is designed to accommodate the changes brought about by the monetary union and the admission of new members.

A ___________ of nations is a voluntary organization providing for the loosest possible relationship that can be classified as economic integration.

Not surprisingly,the Middle East has been very aggressive in forming multinational market groups.

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

One of the challenges facing the Union in the next 50 years is __________.

____________ are factories in Mexico assembling products for NAFTA markets.

The currency of the European Union is now officially the:

________________ rather than NAFTA may be the organization that finally unites all of the Americas in a free trade agreement.

Some of the key provisions of NAFTA center on the topics of market access,nontariff barriers,and rules of origin.