Final Exam Chapter 9-13, 15, 17 MANA
3312 CORRECTLY ANSWERED TO PASS
D. free trade area. - correct answer ✔✔The countries of A, B, and C are committed
to removing all barriers to the free flow of goods and services between each other
but want to pursue independent external trade policies. The countries have in
mind a(n)
A. customs union.
B. Common market.
C. economic union.
D. free trade area.
B. protectionist arguments - correct answer ✔✔Brexit is the term used to refer to
the United Kingdom (UK)'s decision on June 23, 2016, to leave the European
Union (EU), as the result of a public referendum in which more than 30 million
people voted. The referendum decision surprised Britain and the world, and a
strong backslash followed, with millions requesting a re-vote and UK's
reconsideration of the decision. The argument IN FAVOR of Brexit pertains mostly
to:
A. defenders of the use of the Euro as the common currency in the region
,B. protectionist arguments
C. defenders of the free movement of labor within the region
D. pro-free trade arguments.
A. Economic union; Common market - correct answer ✔✔Five countries had a
long standing agreement to boost multilateral trade. When it was time to extend
the validity of the agreement, member countries decided to change one specific
element: until then, members had no barriers to the trade amongst them, they
shared external trade policy toward nonmembers, they all allowed people and
other factors of production to move freely across their borders, and also they had
a common monetary and fiscal policy. After the extension, members will no longer
share a common currency or have a shared monetary and fiscal policy. Based on
this, one could say their level of economic integration went from a(n)_______ to
a(n) ______:
A. Economic union; Common market
B. Common market; Economic union
C. Common market; Free trade area
D. Free trade area; Economic union
, D. an economic union; foreign exchange and hedging costs - correct answer ✔✔In
________, like the European Union, one is likely to see a DECREASE in _________:
A. an economic union; inward and outward FDI flows among member nations
B. a common market; price competition
C. a free trade area; trade and FDI among member nations
D. an economic union; foreign exchange and hedging costs
D. decrease in jobs in the richer economies - correct answer ✔✔The lowering of
barriers among member countries was likely to lead to a(n) _____ throughout the
EU and NAFTA:
A. higher costs of borrowing
B. increase prices
C. increase in jobs in the richer economies
D. decrease in jobs in the richer economies
3312 CORRECTLY ANSWERED TO PASS
D. free trade area. - correct answer ✔✔The countries of A, B, and C are committed
to removing all barriers to the free flow of goods and services between each other
but want to pursue independent external trade policies. The countries have in
mind a(n)
A. customs union.
B. Common market.
C. economic union.
D. free trade area.
B. protectionist arguments - correct answer ✔✔Brexit is the term used to refer to
the United Kingdom (UK)'s decision on June 23, 2016, to leave the European
Union (EU), as the result of a public referendum in which more than 30 million
people voted. The referendum decision surprised Britain and the world, and a
strong backslash followed, with millions requesting a re-vote and UK's
reconsideration of the decision. The argument IN FAVOR of Brexit pertains mostly
to:
A. defenders of the use of the Euro as the common currency in the region
,B. protectionist arguments
C. defenders of the free movement of labor within the region
D. pro-free trade arguments.
A. Economic union; Common market - correct answer ✔✔Five countries had a
long standing agreement to boost multilateral trade. When it was time to extend
the validity of the agreement, member countries decided to change one specific
element: until then, members had no barriers to the trade amongst them, they
shared external trade policy toward nonmembers, they all allowed people and
other factors of production to move freely across their borders, and also they had
a common monetary and fiscal policy. After the extension, members will no longer
share a common currency or have a shared monetary and fiscal policy. Based on
this, one could say their level of economic integration went from a(n)_______ to
a(n) ______:
A. Economic union; Common market
B. Common market; Economic union
C. Common market; Free trade area
D. Free trade area; Economic union
, D. an economic union; foreign exchange and hedging costs - correct answer ✔✔In
________, like the European Union, one is likely to see a DECREASE in _________:
A. an economic union; inward and outward FDI flows among member nations
B. a common market; price competition
C. a free trade area; trade and FDI among member nations
D. an economic union; foreign exchange and hedging costs
D. decrease in jobs in the richer economies - correct answer ✔✔The lowering of
barriers among member countries was likely to lead to a(n) _____ throughout the
EU and NAFTA:
A. higher costs of borrowing
B. increase prices
C. increase in jobs in the richer economies
D. decrease in jobs in the richer economies
