Question 1

The Commonwealth of Independent States is a loose economic and political alliance with open borders but no central government.

Accepted Answer

A) True 
 B)False

Question 2

Nations with complementary economic bases are least likely to:

Accepted Answer

A)   develop a distinctive monetary system.
B)   allow individual differences to be outweighed by the total benefit of economic integration.
C)   experience internal economic development.
D)   achieve enlargement of market opportunities through preferential tariff treatment.
E)   encounter frictions in the development and operation of a common market unit.F) B) and D)
G) None of the above

Question 3

ECOWAS, SADC, and EAC are active regional cooperative groups in _____.

Accepted Answer

A)   North America
B)   Australia
C)   Africa
D)   Europe
E)   AsiaF) B) and C)
G) C) and D)

Question 4

Which of these is the most advanced and viable of Africa's regional organizations?

Accepted Answer

A)   Economic Community of West African States
B)   African Development Bank
C)   Southern African Development Community
D)   Organization of African Unity
E)   Economic Community of Central African StatesF) All of the above
G) B) and C)

Question 5

Which of the following institutions has the responsibility to debate and decide which proposals of the Single European Act to accept as binding on European Union members?

Accepted Answer

A)   The European Commission
B)   The European Parliament
C)   The Council of Ministers
D)   The European Court of Justice
E)   The European Committee of the RegionsF) B) and E)
G) A) and B)

Question 6

The Czech Republic, Hungary, the Slovak Republic, and Poland have become members of the _____.

Accepted Answer

A)   UNDP
B)   OECD
C)   ASEAN
D)   LAIA
E)   APECF) A) and D)
G) None of the above

Question 7

The importance of political unity to fully achieve all the benefits of economic integration has driven European countries to form the World Trade organization (WTO).

Accepted Answer

A) True 
 B)False

Question 8

In the Treaty of Amsterdam (1977), the European Union agreed to accommodate the changes brought about by the monetary union and the admission of new members.

Accepted Answer

A) True 
 B)False

Question 9

Similarity of cultures can make or break an economic union. Although there is great cultural diversity in the European Union, key members share _____ and are commonly aware of being European.

Accepted Answer

A)   a common language
B)   a long-established Christian heritage
C)   a dislike for foreigners
D)   a strong affiliation to monarchy and feudalism
E)   a democratic background and heritageF) C) and D)
G) None of the above

Question 10

The most basic level of economic integration and cooperation is the geographical local federation (GLF).

Accepted Answer

A) True 
 B)False

Question 11

Which of the following institutions drafted the Maastricht Treaty that was presented to the European Union member states for ratification?

Accepted Answer

A)   The United Nations
B)   The World Trade Organization
C)   The European Commission
D)   The Commonwealth Delineation
E)   The Council of MinistersF) A) and B)
G) All of the above

Question 12

The European Union was created when the 12 nations of the European Community ratified the _____.

Accepted Answer

A)   Kent Treaty
B)   Paris Treaty
C)   Rome Treaty
D)   Cannes Treaty
E)   Maastricht TreatyF) B) and D)
G) C) and D)

Question 13

With the expansion of the European Union, existing members fear:

Accepted Answer

A)   retaliation by the Soviet Union against them.
B)   a flood of cheap labor into their countries.
C)   that OPEC will cut off supplies to countries supporting the expansion of the European Union.
D)   free movement of capital amongst the member nations.
E)   that they would need to close the borders between member nations.F) A) and B)
G) B) and E)

Question 14

The _____ is the decision-making body of the European Union that can enact into law all proposals by majority vote except for changes in tax rates on products and services, which require unanimous vote.

Accepted Answer

A)   United Nations
B)   World Trade Organization
C)   European Commission
D)   Commonwealth of Independent States
E)   Council of MinistersF) C) and D)
G) B) and E)

Question 15

A _____ agreement eliminates all tariffs and other restrictions on internal trade, adopts a set of common external tariffs, and removes all restrictions on the free flow of capital and labor among member nations.

Accepted Answer

A)   preferential trade
B)   common market
C)   regional cooperation for development
D)   customs union
E)   free trade areaF) A) and B)
G) None of the above

Question 16

The WTO is wholly dedicated to making trade among nations more efficient.

Accepted Answer

A) True 
 B)False

Question 17

A free trade area (FTA) provides its members with a mass market without barriers to impede the flow of goods and services.

Accepted Answer

A) True 
 B)False

Question 18

As George Platt examines markets that might match his company's investment requirements, he is particularly interested in the fact that the European Community has an extensive transportation network. This network seems to draw all the member nations closer together. Which of the following critical factors for ensuring an effective economic union is Mr. Platt most likely examining when reviewing transportation networks?

Accepted Answer

A)   Cultural factors
B)   Trade factors
C)   Political factors
D)   Geographic proximity
E)   Economic factorsF) All of the above
G) A) and D)

Question 19

The first Soviet republics to declare independence from the Soviet Union were the _____.

Accepted Answer

A)   Russian SFSR
B)   Ukrainian SSR
C)   Baltic states
D)   Falkland Islands
E)   Papal statesF) A) and B)
G) C) and E)

Question 20

Essentially, a free trade area (FTA)  provides its members with:

Accepted Answer

A)   complete political integration.
B)   a mass market without trade barriers among partner countries.
C)   a regional cooperation for social development.
D)   a common market that eliminates all external tariffs.
E)   a market that offsets higher nontrade barriers with lower external tariff.F) D) and E)
G) B) and E)

Exam 10: Europe, Africa, and the Middle East

In the Treaty of Amsterdam (1977), the European Union agreed to accommodate the changes brought about by the monetary union and the admission of new members.

Correct Answer
verified

With the expansion of the European Union, existing members fear:

Correct Answer
verified

A free trade area (FTA) provides its members with a mass market without barriers to impede the flow of goods and services.

Correct Answer
verified

The Commonwealth of Independent States is a loose economic and political alliance with open borders but no central government.

Correct Answer
verified

A _____ agreement eliminates all tariffs and other restrictions on internal trade, adopts a set of common external tariffs, and removes all restrictions on the free flow of capital and labor among member nations.

Correct Answer
verified

Which of the following institutions drafted the Maastricht Treaty that was presented to the European Union member states for ratification?

Correct Answer
verified

Which of the following institutions has the responsibility to debate and decide which proposals of the Single European Act to accept as binding on European Union members?

Correct Answer
verified

The Czech Republic, Hungary, the Slovak Republic, and Poland have become members of the _____.

Correct Answer
verified

Similarity of cultures can make or break an economic union. Although there is great cultural diversity in the European Union, key members share _____ and are commonly aware of being European.

Correct Answer
verified

Essentially, a free trade area (FTA) provides its members with:

Correct Answer
verified

Correct Answer
verified

The European Union was created when the 12 nations of the European Community ratified the _____.

Correct Answer
verified

ECOWAS, SADC, and EAC are active regional cooperative groups in _____.

Correct Answer
verified

The importance of political unity to fully achieve all the benefits of economic integration has driven European countries to form the World Trade organization (WTO).

Correct Answer
verified

The _____ is the decision-making body of the European Union that can enact into law all proposals by majority vote except for changes in tax rates on products and services, which require unanimous vote.

Correct Answer
verified

Nations with complementary economic bases are least likely to:

Correct Answer
verified

The WTO is wholly dedicated to making trade among nations more efficient.

Correct Answer
verified

Which of these is the most advanced and viable of Africa's regional organizations?

Correct Answer
verified

The most basic level of economic integration and cooperation is the geographical local federation (GLF).

Correct Answer
verified

The first Soviet republics to declare independence from the Soviet Union were the _____.

Correct Answer
verified

Exam 10: Europe, Africa, and the Middle East

In the Treaty of Amsterdam (1977), the European Union agreed to accommodate the changes brought about by the monetary union and the admission of new members.

Correct AnswerverifiedShow Answer

With the expansion of the European Union, existing members fear:

Correct AnswerverifiedShow Answer

A free trade area (FTA) provides its members with a mass market without barriers to impede the flow of goods and services.

Correct AnswerverifiedShow Answer

The Commonwealth of Independent States is a loose economic and political alliance with open borders but no central government.

Correct AnswerverifiedShow Answer

A _____ agreement eliminates all tariffs and other restrictions on internal trade, adopts a set of common external tariffs, and removes all restrictions on the free flow of capital and labor among member nations.

Correct AnswerverifiedShow Answer

Which of the following institutions drafted the Maastricht Treaty that was presented to the European Union member states for ratification?

Correct AnswerverifiedShow Answer

Which of the following institutions has the responsibility to debate and decide which proposals of the Single European Act to accept as binding on European Union members?

Correct AnswerverifiedShow Answer

The Czech Republic, Hungary, the Slovak Republic, and Poland have become members of the _____.

Correct AnswerverifiedShow Answer

Similarity of cultures can make or break an economic union. Although there is great cultural diversity in the European Union, key members share _____ and are commonly aware of being European.

Correct AnswerverifiedShow Answer

Essentially, a free trade area (FTA) provides its members with:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The European Union was created when the 12 nations of the European Community ratified the _____.

Correct AnswerverifiedShow Answer

ECOWAS, SADC, and EAC are active regional cooperative groups in _____.

Correct AnswerverifiedShow Answer

The importance of political unity to fully achieve all the benefits of economic integration has driven European countries to form the World Trade organization (WTO).

Correct AnswerverifiedShow Answer

The _____ is the decision-making body of the European Union that can enact into law all proposals by majority vote except for changes in tax rates on products and services, which require unanimous vote.

Correct AnswerverifiedShow Answer

Nations with complementary economic bases are least likely to:

Correct AnswerverifiedShow Answer

The WTO is wholly dedicated to making trade among nations more efficient.

Correct AnswerverifiedShow Answer

Which of these is the most advanced and viable of Africa's regional organizations?

Correct AnswerverifiedShow Answer

The most basic level of economic integration and cooperation is the geographical local federation (GLF).

Correct AnswerverifiedShow Answer

The first Soviet republics to declare independence from the Soviet Union were the _____.

Correct AnswerverifiedShow Answer

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