Positive effect of regional trade agreements

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Reference no: EM132295191

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

A. Political cooperation

B. Cultural homogenization

C. Trade creation

D. Employment opportunities

E. Loss of national sovereignty

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

A. Association of Pacific Nations

B. European Union

C. Atlantic Free Trade Agreement

D. Asian Common Market

E. United Nations

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

A. Trade diversion

B. Political remapping

C. Trade creation

D. increased consumer savings

E. Shifts in employment

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

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

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

C. A level of inflation no greater than 3.2%

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

E. A lack of price transparency

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

A. Adoption of independent rules and regulations

B. Adopting an EU culture

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

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

E. A functioning command economy

6. The Monte Carlo simulation can be used to situations where the probability or chance applies.

True False

7. BC Corporation is considering introducing a new product, which will require buying new equipment for a monthly payment of $4,000. Each unit produced can be sold for $30.00. ABC incurs a variable cost of $10.00 per unit. How many units must ABC sell each month to break even?

A. 500 units

B. 5000 units

C. 200 units

D. 2000 units

Reference no: EM132295191

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