Marketing Final Exam

Reflective msc blooms knowledge 46 the north american

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Unformatted text preview: . Doha Round d. Uruguay Round e. WTO Round ANS: C The Doha Round began in Doha, Qatar, in 2001. PTS: 1 REF: 62 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS Knowledge 46. The North American Free Trade Agreement did all of the following EXCEPT: a. created the world’s largest free trade zone, which includes Canada, the United States, and Mexico b. substantially reduced economic growth in Mexico c. allowed U.S. and Canadian financial-services companies to own subsidiaries in Mexico d. removed many tariffs and duties so that Mexico, Canada, and the United States can trade more freely e. expanded opportunities for U.S. businesses in Mexico ANS: B Over the years, Mexico has made economic gains due to NAFTA. PTS: 1 REF: 62-63 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS Analysis 47. All of the following are countries included in the Central America Free Trade Agreement EXCEPT: a. the United States b. Nicaragua c. El Salvador d. Guatemala e. Mexico ANS: E CAFTA includes Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States. PTS: 1 REF: 63 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS Analysis 48. The goal of the Central America Free Trade Agreement is to: a. create free trade agreements between the United States and other industrialized nations b. eliminate all protectionism c. raise prosperity levels in all industrializing nations d. establish a free trade agreement between the United States and certain Latin American countries e. make sure all nations achieve the economic and technological development of a takeover economy or better ANS: D The countries included in CAFTA are the United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua. PTS: 1 REF: 63 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS Analysis 49. Which of the following statements about the European Union (EU) is true? a. The EU creates a single Europroduct for a generic Euroconsumer. b. The EU removes all internal trade barriers and standardizes regulations in European countries for easier trade. c. The EU can correctly be called the “United States of Europe” because all European voters have agreed to these changes. d. The existence of the EU eliminates protectionist movements by United Europe against the Japanese and the United States. e. The EU is the largest economy in the world. ANS: E The EU encompasses most of Europe, making it the largest economy in the world. PTS: 1 REF: 64 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS Evaluation 50. Who offers low-interest loans to developing nations? a. World Bank b. International Monetary Fund c. Federal Reserve d. International Reserve e. United Nations ANS: A The World Bank offers low-inter...
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