WorksheetsTournament - Regional Integration
Total questions: 10
Worksheet time: 5mins
In a customs union, trade barriers are eliminated among member countries, and each country maintains its own external trade policies.
True
False
The European Union is an example of an political union.
True
False
Because of the fact that everyone benefits from economic integration, it is easy to achieve and sustain.
True
False
Concerns about national sovereignty in the EU have been a major impediment to further integration.
True
False
Identify the most popular form of regional economic integration, accounting for almost 90 percent of regional agreements.
free trade areas
customs unions
common markets
economic unions
________ can be seen as an attempt to achieve additional gains from the free flow of trade and investment between countries beyond those attainable under global agreements.
Foreign direct investment
Government intervention
Regional economic integration
Unrestricted trade
This group signed a free trade agreement with China that removes tariffs on 90% of traded goods.
MERCOSUR
NAFTA
ASEAN
PACIFIC ALLIANCE
In 2016 Venezuela was suspended for violating this pact’s democratic principles and engaging in widespread human rights violations.
PACIFIC ALLIANCE
NAFTA
MERCOSUR
FTA WITH COLOMBIA
Includes France and Germany
NAFTA
USMCA
E.U
ASEAN
A signed agreement in 1969 was based on the EU model.
ASEAN
USMCA
CARICOM
ANDEAN COMMUNITY
