{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Final Exam Study Guide

Which of the following terms is used to refer to two

Info iconThis preview shows pages 2–4. Sign up to view the full content.

View Full Document Right Arrow Icon
2. Which of the following terms is used to refer to two or more geographically connected  nations in pursuit of freer trade relations?  economic bloc 3. Which of the following organizations exemplifies regional integration?  EU 4. Which of the following helps foster economic integrations on a global scale?  WTO 5. Which of the following is favored by the World Trade Organization?  Global trading  system? 6. Which of the following is the way in which common markets differ from customs  unions?  Products, services and factors of production are allowed to move freely  between member countries 7. NAFTA is an example of which of the following levels of regional integration?  Free  trade area 8. Which of the following is an example of a customs union?  MERCOSUR 9. Which of the following is an example of a common market?  EU 10. At least some EU countries have established all of the following levels of regional  integration except  political union 11. Economic unions are characterized by all of the following except  shared  government institutions 12. Which of the following has the longest experience with regional integration?  Europe 13. Which of the following is responsible for determining the admission of new member  countries to the EU?  Council on the European Union 14. What is the most likely reason that some Western European countries are concerned 
Background image of page 2

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

View Full Document Right Arrow Icon
about the addition of Eastern European countries to the EU?  concern about losing  employment opportunities and foreign investment 15. Economic blocs are more likely to succeed if the member countries have which of the  following?  Similar economies CHAPTER 10 1. Nations that have the poorest infrastructures and lowest personal incomes are called  developing countries 2. All of the following are typical characteristics of advanced economies except 
Background image of page 3
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page2 / 5

Which of the following terms is used to refer to two or...

This preview shows document pages 2 - 4. Sign up to view the full document.

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