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Tournament - Regional Integration

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

In a customs union, trade barriers are eliminated among member countries, and each country maintains its own external trade policies.

a)

True

b)

False

2.

The European Union is an example of an political union.

a)

True

b)

False

3.

Because of the fact that everyone benefits from economic integration, it is easy to achieve and sustain.

a)

True

b)

False

4.

Concerns about national sovereignty in the EU have been a major impediment to further integration.

a)

True

b)

False

5.

Identify the most popular form of regional economic integration, accounting for almost 90 percent of regional agreements.

a)

free trade areas

b)

customs unions

c)

common markets

d)

economic unions

6.

________ 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.

a)

Foreign direct investment

b)

Government intervention

c)

Regional economic integration

d)

Unrestricted trade

7.

This group signed a free trade agreement with China that removes tariffs on 90% of traded goods.

a)

MERCOSUR

b)

NAFTA

c)

ASEAN

d)

PACIFIC ALLIANCE

8.

In 2016 Venezuela was suspended for violating this pact’s democratic principles and engaging in widespread human rights violations.

a)

PACIFIC ALLIANCE

b)

NAFTA

c)

MERCOSUR

d)

FTA WITH COLOMBIA

9.

Includes France and Germany

a)

NAFTA

b)

USMCA

c)

E.U

d)

ASEAN

10.

 A signed agreement in 1969 was based on the EU model.

a)

ASEAN

b)

USMCA

c)

CARICOM

d)

ANDEAN COMMUNITY