module A

Which of the following Asian trade groups began as a military and security agreement? ASEAN

ASEAN

Which of the following countries belong to the common market known as the Eurasian Economic Union? (Check all that apply.)

Belarus Kazakhstan Russia

Which three countries comprise the North American Free Trade Agreement? (Check all that apply.)

Canada United States Mexico

Which of the following is NOT a specific way in which the United Nations directly impacts the conduct of business?

Commercial airlines are prohibited from flying across borders and landing during emergency situations due to agreements negotiated by the UN system.

Which of the nine institutions within the EU represents the people of Europe and is elected from member-states?

Council of the European Union

The Maastricht Treaty established the __________ in 1993

European Union

______ are important to business decision makers because they provide ways to settle conflicts between countries and resolve disagreements more easily than if one government worked directly with another.

Institutions

The __________ operates on the premise that the common interest of all nations in a workable international monetary system far transcends their conflicting national interests

International Monetary Fund

The __________ operates on the premise that the common interest of all nations in a workable international monetary system far transcends their conflicting national interests.

International Monetary Fund

The two major global monetary institutions are the

International Monetary Fund and the World bank

Which of the following statements are accurate regarding the International Monetary Fund? (Check all that apply.)

It makes funds available for balance-of-payments corrections. It promotes international monetary cooperation. It operates as a collaboration of nations.

Which of the following are ways the Organisation for Economic Cooperation and Development supports governments? (Check all that apply.)

It supports the fight against poverty. It supports efforts to increase economic growth. It helps maintain financial stability.

Which publication reports the daily business of the General Assembly?

Journal of the United Nations

The Council of the European Union represents the Member states , and is the primary policy-setting institution in the EU.

Member states

Which of the following is one of the world's largest free trade zones and one of the most powerful productive forces in the global economy?

NAFTA

Which institution provides information on economic and other activities within its member-nations and serves as a forum for discussion of shared economic and social policy issues?

OECD

Which of the following are characteristics of the World Bank? (Check all that apply.)

The World Bank was established at the Bretton Woods meeting. The World Bank was established to address economic development. The World Bank functions as a nonprofit cooperative for its member-nations.

Which of the following are general areas of responsibility of the United Nations? (Check all that apply.)

Set technical standards and norms. Prepare the ground for investment in emerging economies. Address the downsides of globalization, such as terrorism and arms traffic.

Which of the following are characteristics of institutions

They are a collection of norms that regulate the relations of individuals to each other. They are organizations that a group, society, or culture constructs to provide meaning to social life. They are organizations that a group, society, or culture constructs to limit behavior.

Which worldwide organization has 193 member-nations and is dedicated to the promotion of peace and global stability?

United Nations

Which of the following are ways by which the United Nations has direct impact on the conduct of business? (Check all that apply.)

Universal Postal Union protocols prevent losses and allow the mail to move across borders. Commercial airlines have the right to fly across borders and land in case of emergency, due to agreements negotiated by the UN system. When ships sail freely across the seas, they are protected by rules legitimized in UN conferences.

Which institution functions as a nonprofit cooperative for its member-nations and is able to pass onto developing nations its ability to borrow funds at low rates

World Bank

Which institution functions as a nonprofit cooperative for its member-nations and is able to pass onto developing nations its ability to borrow funds at low rates?

World Bank

Which of the following are the two major global monetary institutions? (Check two.)

World Bank International Monetary Fund

Which institution is a rule-based, member-driven organization with decisions negotiated by all the member governments and is the only global international organization designed to establish and help implement rules of trade between nations?

World Trade Organization

Within a free trade area, restrictions generally remain on the movement of which of the following? (Check all that apply.)

capital labor services

A(n) _________ market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.

common

ASEAN is an Asian trade group that was formed to protect member countries from the growth of __________ in the region.

communism

The three areas of integration established in the European Union are _________. (Check all that apply.)

domestic affairs foreign policy economic

Attempts by nations to create agreements that lead to improved trade conditions for parties to the agreement are known collectively as _________ integration

economic

With full economic integration, as in the European Union, a central bureaucracy is responsible for coordinating which of the following? (Check all that apply.)

education systems tax rates labor systems

Which type of institution operates through laws and regulations to influence behavior?

formal

In a(n) __________, there are no tariffs or quotas when members trade, and each member maintains its own external tariff on goods arriving from countries in the rest of the world

free trade area

Economic integration agreements are informal _________ institutions that rely on agreements among members, and their development has tended to follow a general pattern from free trade area through common market to economic integration

normative

The United Nations operates with voluntary agreements among members based on their shared norms, which makes it an informal ________ institution

normative

Economic integration also requires a high-degree of ________ integration.

political

Institutions like the United Nations are important to business decision makers because they _______. (Check all that apply.)

provide ways to settle conflict. provide infrastructure for decision makers. provide ways to resolve disagreements.

The Global Compact was established by the United Nations and is the basis for a(n) _____ initiative

sustainability

The World Trade Organization has a direct impact on increasing ________.

trade flows