Government Intervention: Spotlight on China and Germany, Regional Economic Integration – Outlook for the European Union, Airbus vs. Boeing

In its current state, the EU can be described as being at which stage of economic integration? a Common market b Economic union c Free trade area d Political union e Customs union

a Common market

The video shows that the Germany government promotes desirable industries such as the solar power industry. This is an example of which of the following? a national strategic priority b A marketing strategy c An employment policy d A nontariff trade barrier e A recruiting strategy

a national strategic priority

According to the video, Airbus has received millions in soft loans from its sponsoring countries (U.K., Germany, France, and Spain). This is an example of ______. a subsidies b export control c quotas d tariffs e currency control

a subsidies

According to the video, ________ is an alliance of two or more countries that have agreed to eliminate tariffs and other restrictions to cross-border flow of products, services, capital, and occasionally labor. a investment motivation b a foreign trade zone c a regional economic bloc d the General Agreement on Tariffs and Trade e centralized economic planning

c a regional economic bloc

According to the video, China imposes a tax of up to 25% on exports of rare earth minerals, enabling the government to both control trade and generate revenue. This tax is an example of _______. a a nontariff trade barrier b a quota c a tariff d currency control e a subsidy

c a tariff

Both Boeing and Airbus have pursued regional integration which has all of the following advantages EXCEPT __________. a enhanced productivity b increased FDI c economies of scale d decreased efficiency e expanded market size

d decreased efficiency

According to the video, six countries formed an alliance in 1957 called the ________. a European Free Trade Association b European Comission c Council of the European Union d European Parliament e European Economic Community

e European Economic Community