Font size
WorksheetsIntegration and Exchange Rates
Total questions: 17
Worksheet time: 13mins
What is Economic Integration?
the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics.
the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year.
The process of a country implanting integrating new policies in the government.
A process in which countries collaborate to integrate their policies together such as free trade ideas and custom unions.
Goods and services that are bought from other countries.
imports
joint venture
exports
infrastructure
The value of of one currency expressed in terms of another currency.
(a)
What can cause exchange rates to change
Us investment prospects increase
Us interest rates increase
location
Trade Barriers
Which are benefits of a small organization?
Often able to adapt quickly to meet changing customer needs
May be able to set prices that other firms have to follow
Can be managed and controlled by the public
May be diversified in several markets and products, so risks are spread
Government intervention is the the regulatory action taken by a government that aims to change decisions made by individuals, organizations, or groups regarding economic and social matters.
True
False
A total ban on imports or exports of a product.
G20
embargo
exporting
dumping
US demand of foreign goods can change exchange rates?
True
False
Being unable to offer a more specialized and exclusive service to customers is a disadvantage of being a business that operates on a large scale .
True
False
What is a Custom Union?
An agreement between countries, similar to free trade areas, but they barrier against any import into the customs union.
An group that increases the opportunities for exporting and importing products.
A group of governments that run with a common currency and central bank.
All of the above
According to the table, what is the USD equivalent of 1 Australian?
0.97 USD
1.32 USD
1.28 USD
1.03 USD
According to the table, what is the Euro equivalent of 1 USD?
1 Euro
0.76 Euros
0.63 Euros
0.97 Euros
Which is an economic factor for a monetary union?
Common market run with a common currency and central bank
weather and climate of the region
type of government that exists
law influencing business activity
Diseconomies of scale occur if a firm grows beyond its ability to operate efficiently.
True
False
Which is NOT a free trade area?
Australia-Hong Kong
Greenland-Norway
Alizana de Pacifico
West Africa-France
What is a Custom Union?
An agreement between countries, similar to free trade areas, but they barrier against any import into the customs union.
An group that increases the opportunities for exporting and importing products.
A group of governments that run with a common currency and central bank.
All of the above
Which of the following are examples of custom unions?
Andenan Community
South American Trade Alliance
Gulf cooperation Council
South African Economic and monetary union
The European fiscal Union
