Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
International Business
Q:
Bottom-of-the-pyramid markets (BOPMs) are always defined by national borders.
Q:
The United States has granted NTR (normal trade relations) status to Vietnam.
Q:
The Four Asian Tigers are: China, Thailand, India, and North Korea.
Q:
Owing to the deeply corrupt system, most of the U.S. manufacturers in India are leaving for other countries or pulling their money back home.
Q:
The Japanese have an affinity for united effort.
Q:
One of Japan's core advantages over other countries is its language; the syntax of the Japanese language is similar to that of certain programming languages.
Q:
According to analysts, Japan's long entrenched Liberal Democratic political party was one of the reasons for the Japanese crisis.
Q:
The sector that was hit the hardest during the Japanese recession was the real estate sector.
Q:
The Hong Kong SAR government stresses the predominant role of the public sector over the private sector.
Q:
The Hong Kong dollar is freely convertible.
Q:
China's "one country, two systems" agreement with Hong Kong guarantees the latter a high degree of autonomy.
Q:
China is now the biggest market for personal computers.
Q:
A major issue that China has to address in its path to economic growth is improving human rights.
Q:
In view of China's size, diversity, and political organization, it is not possible to have one-growth strategy for China.
Q:
The PNTR status given to China contributed much toward increasing the import barriers on American products and services.
Q:
In the year 2009, Germany became the world's biggest exporter ahead of China.
Q:
Describe the opportunities offered by economic integration?
Q:
What countries make up the Commonwealth of Independent States? How does this group work?
Q:
Discuss the expansion of the European Union. What are some of the issues faced by existing members as a result of the expansion?
Q:
Discuss the functions of each of the four institutions under the European Union.
Q:
What was the intent of the Maastricht Treaty, and what has been its result?
Q:
What is a commonwealth? Discuss the features of this form of economic integration.
Q:
Compare and contrast the concepts of free trade area, customs union, common market, and political union.
Q:
What is the purpose of the regional cooperation for development?
Q:
Successful economic union requires favorable economic, political, cultural, and geographic factors. Briefly explain how these four factors impact regional integration.
Q:
Briefly explain the concept of a multinational market region, and explain why they are important today.
Q:
What has facilitated the adoption of the euro among EU countries?
A) increased complexity of online marketing.
B) the elimination of parallel imports.
C) an increase in European import tariffs by 60 percent.
D) easily recognizable price differentials.
E) a decrease in the toughness of market competition in Europe.
Q:
What is a consequence of the creation of large mass markets?
A) It will cripple businesses accustomed to mass production and mass distribution.
B) It will increase the significance of small national markets.
C) It will lead to decreased purchasing power.
D) It will increase import tariffs worldwide by at least 70 percent.
E) It will lead to an overall drop in international trade.
Q:
________ has the potential to become the newest BEM, but its development will depend on government action and external investment by other governments and multinational firms.
A) South Africa
B) Canada
C) Japan
D) Singapore
E) Britain
Q:
What is a reason for East Asia's economic success?
A) the availability of an extraordinarily rich land
B) the existence of a common currency
C) the implementation of Marxistsocialist policies
D) the rise of autocracy
E) the emphasis placed on education and healthcare
Q:
What is the most advanced and viable of Africa's regional organizations?
A) Economic Community of West African States
B) African Development Bank
C) Southern African Development Community
D) Organization of African Unity
E) Economic Community of Central African States
Q:
South Africa is most likely to experience rapid economic growth in as few as 10 years owing to
A) the rise of communism.
B) its induction into the ASEAN.
C) its industrial base.
D) the economic embargo by the UN.
E) the decoupling of small African markets from it.
Q:
What makes the South African market an important base for serving nearby African markets that are too small to be considered individually?
A) the rise of communism in South Africa
B) the South African market's developed infrastructure
C) the economic embargo imposed by the United Nations
D) the existence of inward-looking trade and investment policies
E) the South African government's nationalization initiative
Q:
What has hampered the conferences held by the United Nations Economic Commission for Africa from bringing about economic integration?
A) governmental inexperience
B) depletion of natural resources
C) excessive influx of products
D) lack of beneficial funds
E) excess of cheap labor
Q:
ECOWAS, SADC, and EAC are active regional cooperative groups in
A) North America.
B) Australia.
C) Africa.
D) Europe.
E) Asia.
Q:
When the Soviet Union dissolved, the ________ emerged that had 12 members that agreed to a loose economic and political alliance with open borders but no central government.
A) European Trade Pact
B) Commonwealth of Independent States
C) Eurasian Alliance
D) Russian Confederation
E) Post-Soviet Bloc
Q:
The Commonwealth of Independent States is
A) a political alliance with a central government.
B) an economic and political alliance with open borders but no central government.
C) an economic and political alliance with closed borders and one central government.
D) a federation of many states.
E) a supranational organization similar to the old European community.
Q:
What is a provision of the commonwealth agreement signed by the Commonwealth of Independent States?
A) to reject the powers of the old regimes
B) to keep the ruble but allow new currencies
C) to create disjointed control of nuclear weapons
D) to invalidate all Soviet foreign treaties and debt obligations
E) to avoid creating a European Unionstyle free trade association
Q:
Which is the trade group that is part of Europe and Asia, has emerged and persisted since the dissolution of the Soviet Union, and is composed of all the republics except the Baltic states?
A) the European Union East
B) the Commonwealth of Independent States
C) the Eastern Bloc Economic Area
D) the European Free Trade Association
E) the Euro-Soviet Union
Q:
The first Soviet republics to declare independence from the Soviet Union were
A) the Russian SFSR.
B) the Ukrainian SSR.
C) the Baltic states.
D) the Falkland Islands.
E) the Newly Independent States.
Q:
One reason Yugoslavia has been facing internal strife is due to
A) reunification with Slovenia.
B) European Parliament sanctions.
C) adoption of Marxistsocialist policies.
D) rise of autocracy.
E) ethnic divisions.
Q:
Most eastern European countries are privatizing state-owned enterprises, establishing free market pricing systems, and
A) introducing autarchic trade policies.
B) increasing trade barriers.
C) wrestling with inflation.
D) making import controls stringent.
E) switching to a socialistic economy.
Q:
Why is Estonia's economic growth since independence from the Soviet Union outpacing the other Baltic nations?
A) It took up the ruble.
B) It nationalized all companies and land.
C) The state helped all its struggling banks.
D) It adopted the freest trading regime of the three Baltic nations.
E) It joined the European Union immediately after its independence in 1992.
Q:
The Czech Republic, Hungary, the Slovak Republic, and Poland have become members of the
A) UNDP.
B) OECD.
C) ASEAN.
D) LAIA.
E) APEC.
Q:
Eastern Europe and the Baltic states, satellite nations of the former Soviet Union, have moved steadily toward establishing postcommunist market reforms. As a result,
A) the region is against establishing free markets.
B) new business opportunities are emerging in this region.
C) all of the eastern European countries can be viewed as one entity.
D) all of these countries have the same level of cultural assimilation.
E) all of these countries have had the same success in economic reform and growth.
Q:
Eastern Europe and the Baltic states, satellite nations of the former Soviet Union, have moved steadily toward adopting aspects of
A) capitalism.
B) autocracy.
C) Marxistsocialism.
D) despotism.
E) communism.
Q:
What is true of the European Court of Justice?
A) It initiates policy and supervises its observance by member states.
B) Its decisions require approval by the top three nations of the European Union.
C) Its decisions are final and cannot be appealed in national courts.
D) It primarily has a consultative role in interpreting the nuances of the EU law.
E) It can amend and adopt Union legislation.
Q:
One of the long-term challenges facing the European Union in the next 50 years is
A) deciding about further enlargement.
B) creation of a common currency.
C) reducing the free flow of capital between its member nations.
D) deciding on how to control the individualistic European population.
E) establishing a court that would settle the disputes among member nations.
Q:
With the expansion of the European Union, existing members fear
A) retaliation by the Soviet Union against them.
B) a flood of cheap labor into their countries.
C) that OPEC will cut off supplies to countries supporting the expansion of the European Union.
D) free movement of capital amongst the member nations.
E) that they would need to close the borders between member nations.
Q:
What long-term challenge is the European Union facing?
A) eliminating all tariffs on internal trade amongst member nations
B) establishing a common currency for the Union
C) including Asia into the Union
D) limiting the political aspects of the Union
E) finding ways to contract the Union
Q:
The ________ increases the authority of the institutions of the European Union and is designed to accommodate the changes brought about by the monetary union and the admission of new members.
A) Treaty of Rome
B) Single European Act
C) Maastricht Treaty
D) Expansion Act
E) Amsterdam Treaty
Q:
The Economic and Monetary Union provision of the Maastricht Treaty established the parameters for the creation of the
A) dollar.
B) pound.
C) rupee.
D) ruble.
E) euro.
Q:
Which statement is true about the European Parliament?
A) It has extensive budgetary powers that allow it to be involved in major EU expenditures.
B) It serves as a purely consultative body.
C) It is responsible for debating and deciding which proposals of the Single European Act to accept as binding on EU members.
D) It initiates policy and supervises its observance by member states.
E) It is responsible for challenging any measures incompatible with the Treaty of Rome.
Q:
Which country rejected the euro, causing a debate about the EU's future?
A) Austria
B) Greece
C) Finland
D) Denmark
E) Spain
Q:
Which EU institution is responsible for challenging any measures incompatible with the Treaty of Rome and for passing judgment, at the request of a national court, on the interpretation or validity of points of European Union Law?
A) the International Court of Justice
B) the European Court of Justice
C) the International Criminal Court
D) the European Common Judicial Council
E) the European Security Council
Q:
The parameters of the creation of a common currency for the European Union were established by
A) the Economic and Monetary Union provision of the Maastricht Treaty.
B) the Single Currency provision of the Treaty of Rome.
C) the Enhanced Cooperation provision of the Treaty of Utrecht.
D) the Economic Union provision of the Treaty of Vienna.
E) the Free Trade provision of the Anglo-Irish Treaty.
Q:
Which EU institution drafted the Maastricht Treaty that was presented to the European Union member states for ratification?
A) the United Nations
B) the World Trade Organization
C) the European Commission
D) the Commonwealth Delineation
E) the Council of Ministers
Q:
The various legal instruments used by the European Union
A) issue regulations that are binding against the member states if the national courts of the member states agree to the regulations.
B) must confer with the United Nations before issuing directives against member states.
C) direct all disputes involving the European Union law to the International Court of Justice.
D) have the authority to issue regulations that bind the member states directly.
E) require the approval of individual nations to address binding decisions against an enterprise of that nation.
Q:
The ________ is the decision-making body of the European Union that can enact into law all proposals by majority vote except for changes in tax rates on products and services, which require unanimous vote.
A) United Nations
B) World Trade Organization
C) European Commission
D) Commonwealth of Independent States
E) Council of Ministers
Q:
The European ________ initiates policy and supervises its observance by member states, and it proposes and supervises execution of laws and policies.
A) Parliament
B) Committee of the Regions
C) Commission
D) Court of Auditors
E) Court of Justice
Q:
The European Commission, the Council of Ministers, the European Parliament, and the Court of Justice are institutions of the
A) COMECON.
B) European Free Trade Area.
C) European Economic Area.
D) European Union.
E) Trans-Pacific Union.
Q:
The institutions of the European Union form a(n) ________ pattern.
A) bilateral
B) unitary
C) federal
D) provincial
E) global
Q:
Which European Union institution originally had only a consultative role but can now amend and adopt Union legislation?
A) the European Parliament
B) the Council of Ministers
C) the Court of Justice
D) the European Commission
E) the European Central Bank
Q:
Which institution has the responsibility to debate and decide which proposals of the Single European Act to accept as binding on European Union members?
A) the European Commission
B) the European Parliament
C) the Council of Ministers
D) the European Court of Justice
E) the European Committee of the Regions
Q:
Of all the multinational market groups, none has been more secure in its cooperation or more important economically than the
A) Newly Independent States.
B) Economic Community of West African States.
C) Commonwealth of Independent States.
D) European Union.
E) Trans-Pacific Union.
Q:
Which treaty allows for the free movement of goods, persons, services, and capital throughout the member states of the European community?
A) Rome Treaty
B) Berlin Treaty
C) Maastricht Treaty
D) Barcelona Treaty
E) Athens Treaty
Q:
What type of political union is mostly based on economic history and a sense of tradition?
A) conglomerate
B) community
C) commonwealth
D) proprietary colony
E) trade association
Q:
What is true of the Maastricht Treaty?
A) It serves as a deterrent for the political unification of the European countries.
B) It restricts movement of goods between the United Kingdom and France.
C) It allows for the free movement of persons between the United States and Canada.
D) It allows for the free movement of goods throughout the member states of the European Union.
E) It is the first European treaty whose terms have been universally accepted.
Q:
The ________ Treaty created the European Union with 12 nations.
A) Kent
B) Paris
C) Rome
D) Cannes
E) Maastricht
Q:
Britain and countries that were formerly part of the British Empire are an example of a ________ of nations.
A) autarchy
B) monocracy
C) commonwealth
D) proprietary colony
E) trade association
Q:
Though now disbanded, what agreement was considered to be the most notable enforced political union of the last 40 years?
A) NATO
B) NAFTA
C) MERCOSUR
D) COMECON
E) LAFTA
Q:
A ________ involves complete political and economic integration, either voluntary or enforced.
A) political union
B) common market
C) regional cooperation for development (RCD)
D) customs union
E) free trade area (FTA)
Q:
The most fully integrated form of regional cooperation is a
A) political union.
B) common market.
C) regional cooperation for development (RCD).
D) customs union.
E) free trade area (FTA).
Q:
The Treaty of ________ established the European Economic Community (EEC) in 1957 and called for common external tariffs and the gradual elimination of intramarket tariffs, quotas, and other trade barriers.
A) Kent
B) Paris
C) Rome
D) Cannes
E) Maastricht
Q:
Which level of economic integration has no restrictions on internal trade and free flow of capital among member nations and lacks only political unity to become a political union?
A) common market
B) free trade area
C) regional cooperation group
D) customs union
E) preferential trade agreement
Q:
A ________ agreement eliminates all tariffs and other restrictions on internal trade, adopts a set of common external tariffs, and removes all restrictions on the free flow of capital and labor among member nations.
A) preferential trade agreement
B) common market
C) regional cooperation for development
D) customs union
E) free trade area
Q:
What was a customs union before becoming a common market?
A) NAFTA
B) DR-CAFTA
C) Israel-Mexico Free Trade Agreement
D) the European Union
E) South Asian Free Trade Area
Q:
A ________ is an intermediate step in the transition from a free trade area to a common market.
A) political union
B) currency union
C) regional cooperation for development (RCD)
D) customs union
E) preferential trade area
Q:
A ________ has reduced or eliminated internal tariffs and adds a common external tariff on products imported from countries outside the group.
A) preferential trade area
B) currency union
C) regional cooperation for development
D) customs union
E) free trade area
Q:
A free trade area (FTA) provides its members with
A) complete political integration.
B) a mass market without trade barriers among partner countries.
C) a regional cooperation for social development.
D) a common market that eliminates all external tariffs.
E) a market that offsets higher nontrade barriers with lower external tariff.