DECEMBER FINAL EXAMINATION SAMPLE MULTIPLE

DECEMBER FINAL EXAMINATION SAMPLE MULTIPLE - DECEMBER FINAL...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
DECEMBER FINAL EXAMINATION SAMPLE MULTIPLE-CHOICE QUESTIONS CHAPTER EIGHT (GLOBAL BUSINESS TODAY) 1. Which of the following has the highest level of integration? A) A customs union B) A free trade area C) An economic union D) A common market Page 263. 2. The ________, which is playing an ever more important role in the EU, has been directly elected by citizens of the EU countries since the late 1970s. A) North Atlantic Parliament B) North Atlantic Trade Commission C) European Parliament D) European Trade Commission Page 264. 3. According to the textbook, in regards to international trade, the theoretical ideal is A) barriers to trade for developing nations, but not for industrial nations. B) an absence of barriers to the free flow of goods, services, and factors of production among nations. C) barriers to trade for industrial nations, but not for developing nations. D) an absence of barriers to the free flow of goods, services and factors of production among the member nations of a free trade agreement. Page 264. 4. What two factors are impediments to economic integration? A) The fact that economic integration has costs; concerns over national sovereignty B) The fact that economic integration is a negative-sum game; concerns over national sovereignty C) The fact that economic integration has costs and benefits; concerns over terrorism D) The fact that economic integration has no costs; concerns over currency Page 265. 5. The European Union is the product of two political factors. The devastation of two world wars on Western Europe and A) the European nations' desire to hold their own on the world's political and economic stage. B) the unawareness of potential economic benefits. C) the removal of barriers to other countries. D) the emergence of an economic superpower. Page 269. 6. Which of the following is not one of the five main institutions in the political structure of the European Union?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
A) The European Council B) The European Judicial Court C) The European Commission D) The European Parliament Page 270. 7. Baultar Inc., a Canadian company, entered into a partnership with a Mexican company that resulted in __________. A) Mexico taking over the Canadian business B) job losses in Canada and job creation in Mexico C) Baultar being forced out of the business D) Mexico becoming a major new market for Baultar's products Page 268. 8. Which of the following is not a benefit of the Euro? A) A common currency will make it easier to compare prices across Europe. B) Producers will be forced to look for ways to reduce their production costs to maintain their profit margins. C) The development of a pan-European capital market will decrease the range of investment options open to
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/17/2008 for the course BMOS 020 taught by Professor Mr. during the Spring '08 term at UWO.

Page1 / 12

DECEMBER FINAL EXAMINATION SAMPLE MULTIPLE - DECEMBER FINAL...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online