International Trade and Multinationals Quiz

What is the purpose of a free-trade zone?

• To establish uniform tariffs for non-members

• To regulate the production, pricing, and marketing of a product

• To promote regional peace and stability

• To eliminate trade barriers among its members

Which organization is the economic and political union of European nations?

• NAFTA

• ASEAN

• EU

• OPEC

What is the currency of the European Union?

• Yen

• Dollar

• Euro

• Pound

Which agreement created the largest free-trade zone in the world?

• ASEAN

• NAFTA

• OPEC

• EU

Which trade group promotes the movement of goods and people in South America?

• ASEAN

• EU

• Mercosur

• SADC

Which trade organization includes nations on the Pacific Rim?

• EU

• APEC

• OPEC

• NAFTA

Which organization regulates the production, pricing, and marketing of petroleum?

• APEC

• OPEC

• EU

• NAFTA

Which trade group was formed to accelerate economic growth in Southeast Asia?

• ASEAN

• EU

• SADC

• Mercosur

What organization negotiates and administers trade agreements among member nations?

• WTO

• NAFTA

• EU

• APEC

What is the term for the exchange of goods between different parts of a multinational?

• International trade

• Intrafirm trade

• Domestic trade

• Interfirm trade