International Business

With what goal was NAFTA established?

• Increase trade and economic development.

• Military strengthening between countries.

• Reduce illegal immigration

• Political reform.

What is the primary goal of the Continental Free Trade Area (CAFTA)?

• To establish a political union

• To promote cultural exchange

• To enhance military cooperation

• To eliminate 90% of tariffs and create a common market

Which two countries joined the European Union in 2007 ?

• Bulgaria and Croatia

• Bulgaria and Romania

• Romania and Poland

• Croatia and Slovenia

Which organization ensures that trade agreements do not lead to trade diversion?

• IMF

• WTO

• NAFTA

• EU

On what date did the United Kingdom officially leave the European Union?

• January 1, 2019

• June 23, 2016

• December 31, 2020

• January 31, 2020

Which countries are included in NAFTA?

• U.S., Canada, Brazil

• Canada, Mexico, Cuba

• U.S., Mexico, Chile

• U.S., Canada, Mexico

What regulation does USMCA have regarding the auto industry?

• No specific regulations

• Prohibit imports of cars from Europe

• Increase the percentage of domestic content

• Reduce tariffs on imported parts

Which countries are members of CACM?

• Honduras, Nicaragua, Guatemala

• Costa Rica, Panama, Belize

• Only Nicaragua and El Salvador

• All Central American countries

Which countries are founding members of the Andean Community?

• Argentina, Brazil, Chile

• Colombia, Peru, Ecuador, Bolivia

• Mexico, Guatemala, Costa Rica

• Venezuela, Paraguay, Uruguay

Which of the following is NOT a member of Mercosur?

• Argentina

• Brazil

• Paraguay

• Chile