Practice Quiz Chapter 8

Which of the following institutions was established following World War II to regulate the trade between countries?

GATT, General Agreement on Tariffs and Trade

A(n) ____ union represents complete integration of all public affairs within a region.

Political

Countries benefit from global economic integration politically and economically. Which of the following is an example of a political benefit?

Promoting peace by promoting trade and investment

Efforts to reduce trade and investment barriers within one region refer to:

Regional economic integration

Which one of the following is NOT a function of WTO?

Regulation of subsidies on agricultural products