4.4 Economic Integration

4.4 Economic Integration

12th Grade

10 Qs

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4.4 Economic Integration

4.4 Economic Integration

Assessment

Quiz

Other

12th Grade

Hard

Created by

Andrew Brigstock

Used 10+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a monetary union?

situation that involves a common currency, such as the Euro as well as universal monetary policy.

an agreement between two nations or trading groups that gives each party favoured trade status.

an agreement between a number nations or trading groups that give each party favoured trade trade status.

an agreement between two or more countries to lower trade barriers between each other on particular products

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a bilateral agreement?

situation that involves a common currency, such as the Euro as well as universal monetary policy.

an agreement between two nations or trading groups that gives each party favoured trade status.

an agreement between a number nations or trading groups that give each party favoured trade trade status.

an agreement between two or more countries to lower trade barriers between each other on particular products

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a multilateral agreement?

situation that involves a common currency, such as the Euro as well as universal monetary policy.

an agreement between two nations or trading groups that gives each party favoured trade status.

an agreement between a number nations or trading groups that give each party favoured trade trade status.

an agreement between two or more countries to lower trade barriers between each other on particular products

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a preferential trade agreement?

situation that involves a common currency, such as the Euro as well as universal monetary policy.

an agreement between two nations or trading groups that gives each party favoured trade status.

an agreement between a number nations or trading groups that give each party favoured trade trade status.

an agreement between two or more countries to lower trade barriers between each other on particular products

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is NOT an ADVANTAGE of a monetary union?

Single currency eliminates exchange risk uncertainty

Monetary policy can no longer be used as a tool of economic policy

Single currency encourages price transparency

Single currency eliminates transaction costs

Single currency promotes higher level of inward investment

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is NOT an DISADVANTAGE of a monetary union?

Exchange rate can no longer be used as adjustment tool

Monetary policy can no longer be used as a tool of economic policy

Monetary policy impacts on each country differently

Fiscal policy is constrained by different countries aims

Single currency promotes higher level of inward investment

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Due to the formation of monetary union, economic policy makers loss the ability to....?

Use monetary policy as tool as price stability is key objective

Pursue their own fiscal policy

Devalue or revalue exchange rate

Set their own taxation rate

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