4.4 Economic Integration
Quiz
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Other
•
12th Grade
•
Hard
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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