Question 1 Multiple Choice 1 of 1 point(s)
In 1988 the governments of the United States and Canada agreed to enter in a _____, which went into effect on January 1, 1989.
Your Answer: free trade agreement
Correct Answer: free trade agreement
Feedback: Difficulty: MediumPage: 286
Question 2 True/False 0 of 1 point(s)
Of the trade blocs in Europe, the European Free Trade Association is the most significant.
Your Answer: true
Correct Answer: false
Feedback: Difficulty: MediumPage: 274
Question 3 Multiple Choice 0 of 1 point(s)
The European Community (EC) was established in
Your Answer: 1992.
Correct Answer: 1957.
Feedback: Difficulty: HardPage: 271
Question 4 Multiple Choice 0 of 1 point(s)
The phenomenon that occurs when high-cost domestic producers are replaced by low-cost producers within the free trade is called
Your Answer: trade alteration.
Correct Answer: trade creation.
Feedback: Difficulty: MediumPage: 274
Question 5 True/False 1 of 1 point(s)
A customs union eliminates trade barriers between member countries and adopts a common external trade policy.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: MediumPage: 270
Question 6 True/False 0 of 1 point(s)
MERCOSUR originated in 1988 as a free trade pact between Brazil and Chile.
Your Answer: true
Correct Answer: false
Feedback: Difficulty: MediumPage: 288
Question 7 Multiple Choice 0 of 1 point(s)
A ______ eliminates trade barriers between member countries and adopts a common external trade policy.
Your Answer: free trade area
Correct Answer: customs union
Feedback: Difficulty: MediumPage: 270
Question 8 Multiple Choice 0 of 1 point(s)
The _____ pact reportedly helped bring about an 80 percent increase in trade between Brazil and Argentina in the 1980's.
Your Answer: NW Group
Correct Answer: MERCOSUR
Feedback: Difficulty: MediumPage: 288
Question 9 Multiple Choice 0 of 1 point(s)
Establishment of a ______ trade policy necessitates a significant degree of harmony and cooperation on fiscal, monetary, and employment policies to oversee trade relations with nonmembers.
Your Answer: political
Correct Answer: common external
Feedback: Difficulty: MediumPage: 270
Question 10 Multiple Choice 1 of 1 point(s)
The term “Fortress Europe” refers to:
Your Answer: the perception that the European Union is designed to protect the European continent from the import of foreign produced goods
Correct Answer: the perception that the European Union is designed to protect the European continent from the import of foreign produced goods
Feedback: Difficulty: MediumPage: 294
Question 1 Multiple Choice 0 of 1 point(s)
The objective of the ______ was to remove barriers to intragroup shipments of coal, iron, steel, and scrap metal.
Your Answer: European Union
Correct Answer: European Coal and Steel Community
Feedback: Difficulty: MediumPage: 274
Question 2 Multiple Choice 0 of 1 point(s)
A regional free trade agreement will benefit the world only if:
Your Answer: the amount of trade it creates and the amount it diverts are the same
Correct Answer: the amount of trade it creates exceeds the amount it diverts
Feedback: Difficulty: MediumPage: 274
Question 3 True/False 1 of 1 point(s)
To signify the importance of the Single European Act, the European Union decided to change its name to the European Community once the act took effect.
Your Answer: false
Correct Answer: false
Feedback: Difficulty: HardPage: 278
Question 4 True/False 1 of 1 point(s)
The North American Free Trade Agreement includes Canada, the United States, and Mexico.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: EasyPage: 285
Question 5 Multiple Choice 1 of 1 point(s)
Economic theories suggest that free trade and investment is a positive-sum game, in which
Your Answer: all participating countries stand to gain.
Correct Answer: all participating countries stand to gain.
Feedback: Difficulty: MediumPage: 271
Question 6 True/False 1 of 1 point(s)
Nowhere has the movement toward regional economic integration been more successful than in North America.
Your Answer: false
Correct Answer: false
Feedback: Difficulty: MediumPage: 268
Question 7 True/False 1 of 1 point(s)
The Single European Act was born out of frustration among EC member countries that the community was not living up to its promise.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: MediumPage: 278
Question 8 Multiple Choice 0 of 1 point(s)
The principle argument of those that opposed NAFTA centered around the fear that it would result in:
Your Answer: retaliation from the European Union
Correct Answer: many U.S. jobs transferred to Mexico
Feedback: Difficulty: MediumPage: 286
Question 9 True/False 0 of 1 point(s)
Throughout the more recent years, the European Commission's role in competition policy has become stagnant.
Your Answer: true
Correct Answer: false
Feedback: Difficulty: EasyPage: 276
Question 10 True/False 1 of 1 point(s)
In a theoretically ideal common market, labor and capital are free to move, as there are no restrictions on immigration, emigration, or cross-border flows of capital between markets.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: MediumPage: 270
Question 1 True/False 0 of 1 point(s)
Several levels of economic integration are possible in theory. From most integrated to the least integrated they are a free trade area, a customs union, a common market, an economic union, and finally, a full political union.
Your Answer: true
Correct Answer: false
Feedback: Difficulty: MediumPage: 269
Question 2 Multiple Choice 0 of 1 point(s)
The phenomenon that occurs when high-cost domestic producers are replaced by low-cost producers within the free trade is called
Your Answer: trade qualification.
Correct Answer: trade creation.
Feedback: Difficulty: MediumPage: 274
Question 3 Multiple Choice 1 of 1 point(s)
In regard to regional economic integration, the last few years have witnessed:
Your Answer: an unprecedented proliferation of regional trade agreements
Correct Answer: an unprecedented proliferation of regional trade agreements
Feedback: Difficulty: MediumPage: 268
Question 4 Multiple Choice 0 of 1 point(s)
The strongest holdout opposing a common currency in the EU is:
Your Answer: Germany
Correct Answer: Britain
Feedback: Difficulty: MediumPage: 273
Question 5 Multiple Choice 0 of 1 point(s)
The European Free Trade Association's emphasis has been on free trade in
Your Answer: consumer goods.
Correct Answer: industrial goods.
Feedback: Difficulty: HardPage: 270
Question 6 Multiple Choice 0 of 1 point(s)
Which of the following was not one of the purposes of the Single European Act?
Your Answer: Remove all frontier controls between EU countries
Correct Answer: Remove the principle of “mutual recognition” as it pertains to product standards
Feedback: Difficulty: HardPage: 278-279
Question 7 Multiple Choice 0 of 1 point(s)
Economic theories suggest that free trade and investment is a positive-sum game, in which
Your Answer: at least one participating country gains.
Correct Answer: all participating countries stand to gain.
Feedback: Difficulty: MediumPage: 271
Question 8 Multiple Choice 0 of 1 point(s)
An agreement between countries in a geographic region to reduce tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other is referred to as
Your Answer: cross-cultural economic-political integration.
Correct Answer: regional economic integration.
Feedback: Difficulty: EasyPage: 268
Question 9 Multiple Choice 1 of 1 point(s)
In theory, ______ rules should ensure that a free trade agreement does not result in trade diversion.
Your Answer: World Trade Organization
Correct Answer: World Trade Organization
Feedback: Difficulty: HardPage: 274
Question 10 Multiple Choice 0 of 1 point(s)
The objective of the ______ was to remove barriers to intragroup shipments of coal, iron, steel, and scrap metal.
Your Answer: European Federation
Correct Answer: European Coal and Steel Community
Feedback: Difficulty: MediumPage: 274
Question 1 Multiple Choice 1 of 1 point(s)
Establishment of a ______ trade policy necessitates a significant degree of harmony and cooperation on fiscal, monetary, and employment policies to oversee trade relations with nonmembers.
Your Answer: common external
Correct Answer: common external
Feedback: Difficulty: MediumPage: 270
Question 2 Multiple Choice 0 of 1 point(s)
NAFTA became law in:
Your Answer: 1957
Correct Answer: 1994
Feedback: Difficulty: MediumPage: 285
Question 3 Multiple Choice 1 of 1 point(s)
Like the common market, a(n) ______ involves the free flow of products and factors of production between members and the adoption of a common external trade policy.
Your Answer: economic union
Correct Answer: economic union
Feedback: Difficulty: MediumPage: 270
Question 4 True/False 0 of 1 point(s)
MERCOSUR originated in 1988 as a free trade pact between Brazil and Chile.
Your Answer: true
Correct Answer: false
Feedback: Difficulty: MediumPage: 288
Question 5 True/False 1 of 1 point(s)
Formed in 1967, ASEAN includes Brunei, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: HardPage: 290
Question 6 Multiple Choice 1 of 1 point(s)
The original forerunner of the EU, the __________ was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg, and the Netherlands.
Your Answer: European Coal and Steel Community
Correct Answer: European Coal and Steel Community
Feedback: Difficulty: HardPage: 274
Question 7 True/False 0 of 1 point(s)
Although the European Union is the best known, a number of successful common markets exist throughout the world.
Your Answer: true
Correct Answer: false
Feedback: Difficulty: MediumPage: 270
Question 8 Multiple Choice 0 of 1 point(s)
In the context of regional trade integration, concerns about _____ arise because close economic integration demands that countries give up some degree of their control over such key policy issues as monetary policy, fiscal policy, and trade policy.
Your Answer: value added chain costs
Correct Answer: national sovereignty
Feedback: Difficulty: HardPage: 273
Question 9 Multiple Choice 1 of 1 point(s)
On January 1, 1993, the ______ effectively became a single market with 340 million consumers.
Your Answer: European Union
Correct Answer: European Union
Feedback: Difficulty: MediumPage: 268
Question 10 Multiple Choice 0 of 1 point(s)
The European Community (EC) was established in
Your Answer: 1992.
Correct Answer: 1957.
Feedback: Difficulty: HardPage: 271
Question 1 Multiple Choice 0 of 1 point(s)
In 1990, the MERCOSUR pact was expanded to include
Your Answer: Mexico and Brazil.
Correct Answer: Paraguay and Uruguay.
Feedback: Difficulty: MediumPage: 288
Question 2 Multiple Choice 1 of 1 point(s)
According to our textbook, attempts at regional economic integration are motivated by:
Your Answer: a desire to exploit the gains from free trade and investment
Correct Answer: a desire to exploit the gains from free trade and investment
Feedback: Difficulty: MediumPage: 271
Question 3 Multiple Choice 1 of 1 point(s)
The original forerunner of the EU, the __________ was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg, and the Netherlands.
Your Answer: European Coal and Steel Community
Correct Answer: European Coal and Steel Community
Feedback: Difficulty: HardPage: 274
Question 4 Multiple Choice 0 of 1 point(s)
The _____, which now accounts for 630 members, is directly elected by the populations of the member states.
Your Answer: European Union
Correct Answer: European Parliament
Feedback: Difficulty: MediumPage: 278
Question 5 Multiple Choice 0 of 1 point(s)
The purpose of the _____ was to have a single market in place by December 31, 1992.
Your Answer: North Atlantic Sovereignty Act
Correct Answer: Single European Act
Feedback: Difficulty: MediumPage: 278
Question 6 Multiple Choice 1 of 1 point(s)
The __________ is composed of the heads of state of the EU's member nations and the president of the European Commission.
Your Answer: European Council
Correct Answer: European Council
Feedback: Difficulty: MediumPage: 275
Question 7 Multiple Choice 0 of 1 point(s)
Because many governments have accepted part or all of the case for intervention, unrestricted free trade and FDI have proved to be
Your Answer: a reality.
Correct Answer: only an ideal.
Feedback: Difficulty: MediumPage: 271
Question 8 Multiple Choice 0 of 1 point(s)
The free trade area known as MERCOSUR consists of the following four countries:
Your Answer: Chile, Mexico, Columbia, and Paraguay
Correct Answer: Argentina, Brazil, Paraguay, and Uruguay
Feedback: Difficulty: HardPage: 268
Question 9 Multiple Choice 0 of 1 point(s)
In 1988 the governments of the United States and Canada agreed to enter in a _____, which went into effect on January 1, 1989.
Your Answer: economic union
Correct Answer: free trade agreement
Feedback: Difficulty: MediumPage: 286
Question 10 Multiple Choice 1 of 1 point(s)
The European Union is currently a(n) _________.
Your Answer: economic union
Correct Answer: economic union
Feedback: Difficulty: MediumPage: 270
Question 1 Multiple Choice 1 of 1 point(s)
NAFTA stands for:
Your Answer: North American Free Trade Agreement.
Correct Answer: North American Free Trade Agreement.
Feedback: Difficulty: MediumPage: 268
Question 2 Multiple Choice 1 of 1 point(s)
According to our textbook, the move to a single currency in Europe should
Your Answer: significantly decrease the cost of doing business in Europe.
Correct Answer: significantly decrease the cost of doing business in Europe.
Feedback: Difficulty: MediumPage: 280-281
Question 3 Multiple Choice 1 of 1 point(s)
On January 1, 1993, the ______ effectively became a single market with 340 million consumers.
Your Answer: European Union
Correct Answer: European Union
Feedback: Difficulty: MediumPage: 268
Question 4 True/False 1 of 1 point(s)
Europe now has two trade blocs: the European Union and the European Free Trade Association.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: MediumPage: 274
Question 5 Multiple Choice 0 of 1 point(s)
For participating countries, a drawback of a single currency in Europe is that
Your Answer: costs for doing business will increase.
Correct Answer: national authorities will lose control over monetary policy.
Feedback: Difficulty: HardPage: 281
Question 6 Multiple Choice 0 of 1 point(s)
With the signing of the _____ in 1957, the European Community was established.
Your Answer: Treaty of Brussels
Correct Answer: Treaty of Rome
Feedback: Difficulty: HardPage: 274
Question 7 Multiple Choice 1 of 1 point(s)
In a _________, theoretically, there are no discriminatory tariffs, quotas, subsidies, or administrative impediments allowed to distort trade between members.
Your Answer: free trade area
Correct Answer: free trade area
Feedback: Difficulty: EasyPage: 269
Question 8 True/False 1 of 1 point(s)
Currently the most significant developments in regional economic integration are occurring in the EU and NAFTA.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: MediumPage: 292
Question 9 Multiple Choice 0 of 1 point(s)
Which of the following was not one of the purposes of the Single European Act?
Your Answer: Remove all frontier controls between EU countries
Correct Answer: Remove the principle of “mutual recognition” as it pertains to product standards
Feedback: Difficulty: HardPage: 278-279
Question 10 True/False 0 of 1 point(s)
Several levels of economic integration are possible in theory. From most integrated to the least integrated they are a free trade area, a customs union, a common market, an economic union, and finally, a full political union.
Your Answer: true
Correct Answer: false
Feedback: Difficulty: MediumPage: 269
Question 1 Multiple Choice 0 of 1 point(s)
How many countries are members of the European Union?
Your Answer: 9
Correct Answer: 15
Feedback: Difficulty: MediumPage: 274
Question 2 Multiple Choice 0 of 1 point(s)
For participating countries, a drawback of a single currency in Europe is that
Your Answer: costs for doing business will increase.
Correct Answer: national authorities will lose control over monetary policy.
Feedback: Difficulty: HardPage: 281
Question 3 Multiple Choice 1 of 1 point(s)
In 1988 the governments of the United States and Canada agreed to enter in a _____, which went into effect on January 1, 1989.
Your Answer: free trade agreement
Correct Answer: free trade agreement
Feedback: Difficulty: MediumPage: 286
Question 4 Multiple Choice 1 of 1 point(s)
Many now see the _____ as the emerging economic and political superpower of the same order as the United States and Japan.
Your Answer: European Union
Correct Answer: European Union
Feedback: Difficulty: MediumPage: 274
Question 5 Multiple Choice 1 of 1 point(s)
In a _________, theoretically, there are no discriminatory tariffs, quotas, subsidies, or administrative impediments allowed to distort trade between members.
Your Answer: free trade area
Correct Answer: free trade area
Feedback: Difficulty: EasyPage: 269
Question 6 Multiple Choice 1 of 1 point(s)
In a free trade area
Your Answer: barriers to the trade of goods and services among member nations are removed.
Correct Answer: barriers to the trade of goods and services among member nations are removed.
Feedback: Difficulty: MediumPage: 269
Question 7 Multiple Choice 0 of 1 point(s)
A ______ eliminates trade barriers between member countries and adopts a common external trade policy.
Your Answer: free trade area
Correct Answer: customs union
Feedback: Difficulty: MediumPage: 270
Question 8 Multiple Choice 1 of 1 point(s)
A regional free trade agreement will benefit the world only if:
Your Answer: the amount of trade it creates exceeds the amount it diverts
Correct Answer: the amount of trade it creates exceeds the amount it diverts
Feedback: Difficulty: MediumPage: 274
Question 9 True/False 1 of 1 point(s)
Europe now has two trade blocs: the European Union and the European Free Trade Association.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: MediumPage: 274
Question 10 Multiple Choice 1 of 1 point(s)
Economic theories suggest that free trade and investment is a positive-sum game, in which
Your Answer: all participating countries stand to gain.
Correct Answer: all participating countries stand to gain.
Feedback: Difficulty: MediumPage: 271
Question 1 Multiple Choice 0 of 1 point(s)
The European Union is the product of two political factors. The devastation of two world
wars on Western Europe and
Your Answer: the removal of barriers to other countries.
Correct Answer: the European nations' desire to hold their own on the world's political and economic stage.
Feedback: Difficulty: MediumPage: 274
Question 2 Multiple Choice 1 of 1 point(s)
Mexico's concerns about maintaining control of its oil interests resulted in an agreement with Canada and the United States to exempt the Mexican oil industry from any liberalization of foreign investment regulations achieved under NAFTA. This is an example of
Your Answer: a concern of national sovereignty.
Correct Answer: a concern of national sovereignty.
Feedback: Difficulty: HardPage: 272-273
Question 3 True/False 1 of 1 point(s)
Currently the most significant developments in regional economic integration are occurring in the EU and NAFTA.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: MediumPage: 292
Question 4 Multiple Choice 1 of 1 point(s)
Because many governments have accepted part or all of the case for intervention, unrestricted free trade and FDI have proved to be
Your Answer: only an ideal.
Correct Answer: only an ideal.
Feedback: Difficulty: MediumPage: 271
Question 5 Multiple Choice 1 of 1 point(s)
Who or what was the Delores Commission named after?
Your Answer: Jacques Delors, president of the EC
Correct Answer: Jacques Delors, president of the EC
Feedback: Difficulty: MediumPage: 278
Question 6 Multiple Choice 1 of 1 point(s)
Establishment of a ______ trade policy necessitates a significant degree of harmony and cooperation on fiscal, monetary, and employment policies to oversee trade relations with nonmembers.
Your Answer: common external
Correct Answer: common external
Feedback: Difficulty: MediumPage: 270
Question 7 True/False 1 of 1 point(s)
Formed in 1967, ASEAN includes Brunei, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: HardPage: 290
Question 8 Multiple Choice 1 of 1 point(s)
On January 1, 1993, the ______ effectively became a single market with 340 million consumers.
Your Answer: European Union
Correct Answer: European Union
Feedback: Difficulty: MediumPage: 268
Question 9 Multiple Choice 0 of 1 point(s)
MERCOSUR originated in 1988 as a free trade pact between _____.
Your Answer: Peru and Brazil
Correct Answer: Brazil and Argentina
Feedback: Difficulty: MediumPage: 288
Question 10 Multiple Choice 1 of 1 point(s)
In regard to regional economic integration, the last few years have witnessed:
Your Answer: an unprecedented proliferation of regional trade agreements
Correct Answer: an unprecedented proliferation of regional trade agreements
Feedback: Difficulty: MediumPage: 268
Question 1 Multiple Choice 1 of 1 point(s)
NAFTA stands for:
Your Answer: North American Free Trade Agreement.
Correct Answer: North American Free Trade Agreement.
Feedback: Difficulty: MediumPage: 268
Question 2 True/False 0 of 1 point(s)
To signify the importance of the Single European Act, the European Union decided to change its name to the European Community once the act took effect.
Your Answer: true
Correct Answer: false
Feedback: Difficulty: HardPage: 278
Question 3 True/False 1 of 1 point(s)
Although the European Union is the best known, a number of successful common markets exist throughout the world.
Your Answer: false
Correct Answer: false
Feedback: Difficulty: MediumPage: 270
Question 4 True/False 0 of 1 point(s)
MERCOSUR originated in 1988 as a free trade pact between Brazil and Chile.
Your Answer: true
Correct Answer: false
Feedback: Difficulty: MediumPage: 288
Question 5 Multiple Choice 1 of 1 point(s)
There are now two trade blocs in Europe. These are the
Your Answer: European Union and the European Free Trade Association.
Correct Answer: European Union and the European Free Trade Association.
Feedback: Difficulty: HardPage: 274
Question 6 Multiple Choice 1 of 1 point(s)
The European Community (EC) was established in
Your Answer: 1957.
Correct Answer: 1957.
Feedback: Difficulty: HardPage: 271
Question 7 Multiple Choice 0 of 1 point(s)
The strongest holdout opposing a common currency in the EU is:
Your Answer: Belgium
Correct Answer: Britain
Feedback: Difficulty: MediumPage: 273
Question 8 Multiple Choice 0 of 1 point(s)
By the mid-1980s, the Andean Pact had:
Your Answer: been dissolved
Correct Answer: all but collapsed
Feedback: Difficulty: MediumPage: 287
Question 9 Multiple Choice 1 of 1 point(s)
Establishment of a ______ trade policy necessitates a significant degree of harmony and cooperation on fiscal, monetary, and employment policies to oversee trade relations with nonmembers.
Your Answer: common external
Correct Answer: common external
Feedback: Difficulty: MediumPage: 270
Question 10 Multiple Choice 0 of 1 point(s)
The term “Fortress Europe” refers to:
Your Answer: the unwillingness of European nations to consider forming trade relationships
Correct Answer: the perception that the European Union is designed to protect the European continent from the import of foreign produced goods
Feedback: Difficulty: MediumPage: 294
Question 1 Multiple Choice 1 of 1 point(s)
In the context of regional trade integration, concerns about _____ arise because close economic integration demands that countries give up some degree of their control over such key policy issues as monetary policy, fiscal policy, and trade policy.
Your Answer: national sovereignty
Correct Answer: national sovereignty
Feedback: Difficulty: HardPage: 273
Question 2 Multiple Choice 1 of 1 point(s)
The objective of the ______ was to remove barriers to intragroup shipments of coal, iron, steel, and scrap metal.
Your Answer: European Coal and Steel Community
Correct Answer: European Coal and Steel Community
Feedback: Difficulty: MediumPage: 274
Question 3 Multiple Choice 1 of 1 point(s)
The original forerunner of the EU, the __________ was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg, and the Netherlands.
Your Answer: European Coal and Steel Community
Correct Answer: European Coal and Steel Community
Feedback: Difficulty: HardPage: 274
Question 4 True/False 1 of 1 point(s)
In a theoretically ideal common market, labor and capital are free to move, as there are no restrictions on immigration, emigration, or cross-border flows of capital between markets.
Your Answer: true
Correct Answer: true
Feedback: Difficulty: MediumPage: 270
Question 5 Multiple Choice 1 of 1 point(s)
A common market includes all of the following characteristics except
Your Answer: full economic integration.
Correct Answer: full economic integration.
Feedback: Difficulty: MediumPage: 270
Question 6 Multiple Choice 1 of 1 point(s)
An agreement between countries in a geographic region to reduce tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other is referred to as
Your Answer: regional economic integration.
Correct Answer: regional economic integration.
Feedback: Difficulty: EasyPage: 268
Question 7 Multiple Choice 1 of 1 point(s)
In 1988 the governments of the United States and Canada agreed to enter in a _____, which went into effect on January 1, 1989.
Your Answer: free trade agreement
Correct Answer: free trade agreement
Feedback: Difficulty: MediumPage: 286
Question 8 Multiple Choice 1 of 1 point(s)
How many countries are members of the European Union?
Your Answer: 15
Correct Answer: 15
Feedback: Difficulty: MediumPage: 274
Question 9 True/False 1 of 1 point(s)
Several levels of economic integration are possible in theory. From most integrated to the least integrated they are a free trade area, a customs union, a common market, an economic union, and finally, a full political union.
Your Answer: false
Correct Answer: false
Feedback: Difficulty: MediumPage: 269
Question 10 Multiple Choice 1 of 1 point(s)
The European Free Trade Association's emphasis has been on free trade in
Your Answer: industrial goods.
Correct Answer: industrial goods.
Feedback: Difficulty: HardPage: 270
(
geocities.com/tokyo/island) (
geocities.com/tokyo)