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Regional Economic Integration

Authored by Simi Gendi

Business

University - Professional Development

Used 1+ times

Regional Economic Integration
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

A free trade area ________.

is complete political and economic integration of two or more countries

eliminates trade barriers among member countries

allows workers to move freely among trade nations

avoids problems stemming from trade deflections

2.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

Regional economic integration is a process in which two or more countries agree to remove economic barriers in order to increase productivity and economic interdependence.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

A common market ________.

is complete political and economic integration of two or more countries

requires members to eliminate internal trade barriers and coordinate economic policies

eliminates trade barriers among member countries

requires members to eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate barriers to the movement of the factors of production

4.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

To improve members bargaining strength in multilateral trade negotiations is one of the objective in economic integration.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which of the following is an example of regional economic integration?

The British Commonwealth

ASEAN

The Cingular and AT&T merger

The Commonwealth of Independent States

6.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

Free Trade Area is considered to have the highest level of regional integration.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

All of these are the economic reasons for regional integration, except:

Benefiting from the free flow of trade and investment

Specialized in the production of goods

Free movement of factors of production

Reduce potential violent conflict

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