Multinational Market
Patterns of international cooperation
Europe
Africa
Middle East
100
Groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers are called ______?
Multinational market regions
100
Which pattern involves complete political and economic integration, either voluntary or enforced? A. Regional Cooperation Groups B. Free Trade Area C. Customs Union D. Common Market E. Political Union
E. Political Union
100
True or False - The Baltic states shared a legacy of inefficient industry and Soviet-style command economies.
True
100
True or False - In spite of Africa possessing land that is rich, the majority of the population of this country is desperately poor.
True
100
True or False - The Middle East has been very aggressive in forming multinational market groups.
False
200
Regional economic cooperative agreements have been around since: A. the discovery of the New World. B. the American Revolution. C. the American Civil War. D. the end of World War I. E. the end of World War II.
E. The end of World War II
200
Which pattern is an agreement between two or more countries to reduce or eliminate custom duties and trade barriers.
Free trade area
200
What does EMU stand for and why was it established in Europe?
Economic and Monetary Union was established to create the parameters and timetable for the implementation of a currency for the "Euro."
200
Name the three regional cooperative agreements that exist in Africa.
Economic Community of West African States (ECOWAS) Southern African Development Community (SADC) East African Community (EAC)
200
Name the three regional cooperative agreements in the Middle East.
Greater Arab Free Trade Area (GAFTA) Economic Cooperation Organization (ECO) Creation of the Organization of Islamic Conference (OIC)
300
The World Trade Organization is wholly dedicated to ____. A. the expansion of capitalism B. the elimination of language barriers in trade C. free and open national borders D. the enforcement of international anti-bribery laws E. making trade among nations more efficient
E. making trade among nations more efficient
300
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. A. political union B. common market C. regional cooperation for development (RCD) D. customs union E. free trade area (FTA)
B. common market
300
Which two political unions in Europe came into existence in the '90s?
European Union (EU) Commonwealth of Independent States (CIS)
300
What is the most advanced and viable regional organization in Africa?
SADC - Southern African Development Community
300
Why has the Middle East been unsuccessful in forming multinational market groups?
Because of a long history of border disputes and persisting ideological differences that need to be overcome.
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