Regional Economic Integration Quiz

Regional Economic Integration Quiz

University

33 Qs

quiz-placeholder

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Regional Economic Integration Quiz

Regional Economic Integration Quiz

Assessment

Quiz

Business

University

Easy

Created by

Thảo Nguyễn

Used 2+ times

FREE Resource

33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process whereby countries in a geographic area cooperate with one another to reduce or eliminate barriers to the international flow of products, people, or capital is called ________.

regional economic integration

protectionism

mercantilism

economic nationalism

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Regional economic integration is also referred to as ________.

mercantilism

nationalism

protectionism

regionalism

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A group of nations in a geographic area undergoing economic integration is called a ________.

born global firm

maquiladora

regional trading bloc

Eurocurrency market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an important goal of regional economic integration?

to increase the selling prices of products

to raise the living standards of people

to limit the choice of products available to customers

to establish a socialist government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the lowest extent of regional economic integration?

free trade area

political union

common market

customs union

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the greatest extent of regional economic integration?

free trade area

political union

common market

customs union

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic integration whereby countries remove all barriers to trade among themselves, but each country determines its own barriers against nonmembers, is called a(n) ________.

economic union

customs union

common market

free trade area

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