MGT 301 Ch 8
Which one of the following is a trade bloc in the Americas?
CAFTA-DR
Today, the EU has ________ members.
28
Which of the following is a criterion for member nations to use the euro as outlined in the Maastricht Treaty?
A level of inflation no greater than 3.2%
Which of the following statements about ASEAN is TRUE?
ASEAN seeks to counter China's rising strength, resources of cheap labor, and abundant raw materials.
Which one of the following describes the Closer Economic Relations (CER) Agreement?
Australia and New Zealand created a free trade agreement in 1966.
Which one of the following is a level of economic integration?
Free trade area
Criteria that determine whether a good meets NAFTA rules of origin include which one of the following?
Goods wholly produced or obtained in the NAFTA region
Canada, Mexico, and the United States are part of ________.
NAFTA
What is the reason that the AFL-CIO group of unions opposes NAFTA?
Loss of American jobs
What is the main reason against economic integration?
Loss of jobs
Which of the following is a negative effect of regional trade agreements?
Loss of national sovereignty
What is the main difference between a free trade area and a customs union?
Members of a customs union agree to treat trade with all nonmember nations in a similar manner.
Candidates for EU membership become members after they meet certain demands. Which one of the following is one of those demands?
Stable institutions that guarantee democracy, rule of law, and human rights
Which of the following statements describes the African Union (AU)?
The AU is based on the vision of a united and strong Africa.
Which one of the following statements describes the European Union (EU)?
The EU was formed after World War II.
Which one of the following is part of integration in Asia and the Pacific Rim nations?
The organization for Asia Pacific Economic Cooperation
Which one of the following is a reason that some European countries did not join the EU?
They feared destructive rivalries and loss of national sovereignty.
Some European countries did not join the EU because they ________.
feared destructive rivalries and loss of national sovereignty
