Negative effect of regional trade? agreements

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Reference no: EM132243740

1. Which of the following is a main regional trading? bloc?

A. European Union

B. Association of Pacific Nations

C. Atlantic Free Trade Agreement

D. United Nations

E. Asian Common Market

2. Which one of the following is an area of progress for The Economic Community of West African States? (ECOWAS)?

A. Freedom of travel within each? members' borders

B. Goal-setting

C. Construction of national roads

D. Market integration

E. Development of international telecommunication links

3. Which of the following is a negative effect of regional trade? agreements?

A. Cultural homogenization

B. Political cooperation

C. Employment opportunities

D. Trade creation

E. Loss of national sovereignty

4. Criteria that determine whether a good meets NAFTA rules of origin include which one of the? following?

A. Goods containing? non-originating inputs but carry a certificate of origin from an EU country

B. Goods produced in the NAFTA region from natural materials from the western hemisphere

C. Goods wholly produced or obtained in the NAFTA region

D. Goods using materials sourced in China

E. Unassembled goods containing? sub-assemblies from? Nicaragua, Panama, or Honduras

5. Which one of the following statements about the Gulf Cooperation Council? (GCC) is? TRUE?

A. ?Yemen, Iran, and Iraq are members.

B. The primary purpose was to cooperate with the EU and EFTA.

C. The goals of the GCC are purely economic.

D. Citizens of the EU can travel freely in the GCC without visas.

E. GCC was formed in 2014.

6. Candidates for EU membership become members after they meet certain demands. Which one of the following is one of those? demands?

A. Adopting an EU culture

B. Stable institutions that guarantee? democracy, rule of? law, and human rights

C. Adherence to the aims of? economic, monetary, and political union

D. A functioning command economy

E. Adoption of independent rules and regulations

7. Which of the following is a provision of? NAFTA?

A. Adding new countries to the European Union

B. Common accounting rules

C. Adoption of the dollar as a common currency

D. Elimination of tariffs on goods originating within North America

E. Membership in the World Trade Organization

8. Which of the following is a criterion for member nations to use the euro as outlined in the Maastricht? Treaty?

A. A level of government deficit no greater than? 1.5% of GDP

B. A level of inflation no greater than? 3.2%

C. A level of debt no greater than? 40% of GDP

D. A lack of price transparency

E. Interest rates on? long-term government debt of no more than? 2%

Reference no: EM132243740

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