What is international economic integration?

• A process where a nation isolates its economy from others.

• A process where a nation connects its economy with others based on mutual benefit and common regulations.

• A process focused solely on increasing exports.

• A process that only benefits developed nations.

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Which of the following is a benefit of international economic integration for developing countries?

• Reduced access to external resources.

• Decreased job opportunities.

• Opportunity to access and utilize external resources like finance and technology.

• Limited market expansion.

What are the three main levels at which a country can engage in international economic integration?

• Local, national, and global.

• Bilateral, regional, and global.

• Internal, external, and universal.

• Trade, investment, and services.

Which form of international economic integration involves member countries eliminating internal trade barriers and adopting a common external tariff policy towards non-member countries?

• Preferential Trade Agreement.

• Free Trade Agreement.

• Customs Union.

• Common Market.