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WorksheetsUnit 2 part 2
Total questions: 15
Worksheet time: 8mins
What is market integration?
A method of increasing competition
A type of financial crisis
A process of separating markets
A situation where separate markets become one single market
Which type of integration involves merging with rivals to lessen competition?
Vertical Integration
Horizontal Integration
Conglomerate Integration
Backward Vertical Integration
What is an example of backward vertical integration?
A company merging with a competitor
A company creating subsidiaries
A company acquiring a supplier
A company opening its own retail stores
Which international financial institution was established to oversee exchange rates?
International Monetary Fund (IMF)
World Bank
World Trade Organization (WTO)
Bretton Woods System
What does the General Agreement on Tariffs and Trade (GATT) focus on?
Providing loans to countries
Reducing trade barriers
Encouraging social development
Stabilizing global finance
Which organization was formed to increase the price of oil?
World Trade Organization (WTO)
International Monetary Fund (IMF)
Organization of Petroleum Exporting Countries (OPEC)
European Union (EU)
What is the primary purpose of the World Bank?
To oversee exchange rates
To facilitate trade agreements
To eradicate poverty
To stabilize global finance
What is a characteristic of the Global Interstate System?
States have no sovereignty
International organizations have no influence
Nations relate through peaceful negotiations
Countries are dependent on each other
Which of the following is NOT a key element of the Bretton Woods System?
US dollar as global currency
Central bank as the monetary authority
Establishment of the World Trade Organization
Currency expressed in gold values
What is the main goal of international financial institutions?
To create monopolies
To support public and private investment
To limit trade between countries
To increase competition
What is an example of forward vertical integration?
A company acquiring a supplier
A company outsourcing production
A company opening retail stores
A company merging with another company
Which of the following is a disadvantage of mergers?
Increased market reach
Strengthened individual businesses
Weakening of individual businesses
Increased financial growth
What is the purpose of the Organization for Economic Cooperation and Development (OECD)?
To stabilize global finance
To provide loans to developing countries
To promote economic growth among wealthy nations
To oversee international trade agreements
What does the term 'internationalization' refer to?
Trade relations between countries
The process of globalization
The establishment of international laws
The creation of financial institutions
Which of the following statements is true about the European Union (EU)?
It has no influence on trade
It was established in 1944
It adopted the euro as currency
It has 30 member countries
