Deck 12: Regional Economic Integration and Globalization

Question 1

The signing of the _________ established a common market in Europe.

A) Constitution of the European Union
B) Single European Act (SEA)
C) Maastricht treaty
D) European Political Community

Answer 1

B

Question 2

__________ is the sovereign authority to decide the core missions,policies,and structure of the EU is granted to certain EU institutions.

A) Protectionism
B) Intergovernmentalism
C) Supranationalism
D) Globalization

Answer 2

C

Question 3

The path toward European unification began with the creation of the

A) European Coal and Steel Community.
B) European Defense Community.
C) European Atomic Energy Community.
D) European Economic Community.

Answer 3

A

Question 4

A group of countries that agrees just to eliminate all tariffs between them,is called a

A) customs union.
B) free trade area.
C) common market.
D) monetary union.

Question 5

__________ ensures that the core missions,policies,and structures of the EU as an organization reflect the interests of its sovereign member states.

A) Protectionism
B) Intergovernmentalism
C) Supranationalism
D) Globalization

Question 6

The Treaties of Rome,signed in 1957,helped further the process of gradual economic integration by creating

A) the European Economic Community and the European Atomic Energy Community.
B) the European Defense Community and the European Political Community.
C) a free trade area.
D) the Atlantic Charter.

Question 7

Larger economic entities typically fare better than smaller ones in the modem world economy

A) because demand for export is more stable than domestic demand.
B) although autarky is still a decent option for many entities.
C) because import demand is more stable than export demand.
D) because small economies can often be overwhelmed by forces beyond the control of their leaders.

Question 8

The creation of a single market out of a number of separate markets previously defined by national boundaries in order to take advantages of a larger market is called

A) economic integration.
B) economic cooperation.
C) monetary union.
D) market coordination.

Question 9

The most successful multilateral economic cooperation and policy coordination to date is the

A) United Nations.
B) North American Free Trade Agreement.
C) World Trade Organization.
D) European Union.

Question 10

A group of countries that agrees to eliminate all tariffs between them and then adopt a common set of tariffs on imports from other countries,is called a(n)

A) monetary union.
B) customs union.
C) integrative package.
D) economic community.

Question 11

The European Union's main organ for policy proposal and implementation is called the

A) European Parliament.
B) European Council.
C) European Commission.
D) Council of Ministers.

Question 12

The European Union's ultimate law-making authority is called the

A) European Parliament.
B) European Council.
C) European Commission.
D) Council of Ministers.

Question 13

In 2004 the European Union undertook its largest expansion with the addition of 10 new members including all of the following EXCEPT

A) Bulgaria.
B) Estonia.
C) Latvia.
D) Slovenia.

Question 14

The admission of 10 new members in 2004 resulted in an increase of ______ percent of European GDP.

A) 5
B) 10
C) 15
D) 20

Question 15

Natural endowments have ________impact on state power.

A) no
B) very little
C) moderate
D) considerable

Question 16

When a group of countries agree to remove barriers to the free movement of labor and capital as well as any remaining nontariff barriers on goods and services,this is usually called a

A) common market.
B) monetary union.
C) customs union.
D) customs market.

Question 17

The admission of 10 new members in 2004 resulted in an increase of ______ percent in the population of the EU.

A) 5
B) 10
C) 15
D) 20

Question 18

Most of the new members to the European are often

A) poorer and less industrialized.
B) poorer and more industrialized.
C) richer and less industrialized.
D) richer and more industrialized.

Question 19

The Single European Act of 1986 was signed in order to create a common market capable of

A) competing effectively with the competition from Japan and the United States.
B) overpowering Europe's non-EC members' domestic industries.
C) containing the threat of westward Communist expansion.
D) replacing the European Union.

Question 20

Multilateral economic cooperation and policy coordination is designed to

A) enable the free movement of goods,services,labor,and capital across state borders.
B) promote economic competitiveness and prosperity in a given region.
C) Both A and B are correct.
D) Neither A nor B is correct.

Question 21

Why do larger economies typically fare better than smaller ones in the global economy? What efforts have states made to overcome "natural" (i.e.large populations,resource endowments)limitations within the state? Explain.

Question 22

Despite the fact that dismantling colonial empires and increasingly large impacts from technology have contributed greatly to interdependence,

A) much of what we are calling interdependence is not really new;we are just seeing it for the first time.
B) the end of the cold war has really had very little impact.
C) globalization has nothing to do with these inputs.
D) all international transactions are still completely controlled and heavily constrained by national boundaries and the sovereign authority of independent states.

Question 23

___________ is the disproportionate concentration of economic flows or the coordination of foreign economic policies among a group of countries in close geographic proximity to one another.

A) Globalization
B) Supranationalism
C) Intergovernmentalism
D) Regionalism

Question 24

NAFTA is

A) a free trade area.
B) a customs union.
C) an economic union.
D) a monetary union.

Question 25

Institutionally,the European Union is a complex of intergovernmental and supranational organizations in a combination also known as

A) international sovereignty.
B) pooled interdependence.
C) pooled sovereignty.
D) complex relations.

Question 26

Globalization has aided the transnational illicit drug trade to over _____ customers.

A) 70 million
B) 180 million
C) 500 million
D) 1.2 billion

Question 27

What are the economic and political benefits the North American Free Trade Agreement provides the United States? Explain.

Question 28

The North American Free Trade Agreement (NAFTA)differs from the European Union in two primary ways:

A) NAFTA is much more comprehensive than the EU,and contains considerable loopholes.
B) NAFTA is less comprehensive than the EU,and has more member states.
C) NAFTA is less comprehensive than the EU,and was not founded with the vision to deliver continental peace.
D) NAFTA is a customs union,and the EU is more permanent.

Question 29

Discuss the difference between intergovernmentalism and supranationalism.Provide examples in the context of the European Union.

Question 30

When we talk about the process whereby economic,political,and sociocultural transactions are less and less constrained by national boundaries,we are referring to

A) integration.
B) internationalization.
C) globalization.
D) antinationalization.

Question 31

What prompted the beginning of regional integration in Europe? What explains the continuation toward further European integration? Explain and provide examples.

Question 32

Institutions help states to move from the Pareto suboptimal outcome of protectionism to the Pareto optimal outcome of free and open trade by providing

A) assurances.
B) member status.
C) interdependencies.
D) contracts.

Question 33

The three "pillars" supporting the European Union are

A) liberty,equality,and fraternity.
B) European Community,the Common Foreign and Security Policy (CFSP)initiative,and the Police and Judicial Cooperation in Criminal Matters (PJCC).
C) the EMU,the common market,and the free trade area.
D) NATO,the Common Security and Foreign Policy initiative,and the euro.

Question 34

The first financial crisis to hit the eurozone occurred in

A) Portugal.
B) Ireland.
C) Greece.
D) Spain.

Question 35

What are some of the pros and cons of globalization? Who is satisfied and who is dissatisfied? Explain and provide examples.

Question 36

Complex interdependence is one vision describing the state of global politics and includes three major elements:

A) actors other than states matter,military security is no longer the dominant issue,and the use of military force is precluded as a method of resolving conflicts.
B) class issues dominate interstate relations,military security is still the dominant concern,and the use of military force is still an acceptable method of conflict resolution.
C) actors other than states matter,class issues dominate international relations,and the use of military force is precluded as a method of resolving conflicts.
D) only states matter,military security is no longer the dominant issue,and the use of military force is precluded as a method of resolving conflicts.

Question 37

Why and in what ways has Europe moved beyond the realm of economic and monetary union and into the realm of political integration? Provide examples.

Question 38

Liberals who believe national boundaries are becoming less relevant would prefer to see the world in terms of

A) transnational relations rather than international relations.
B) international relations rather than transnational relations.
C) international relations rather than international politics.
D) global relations rather than global politics.

Question 39

Global and regional institutions like the WTO and the EU help reduce transaction costs by

A) providing a forum for exchanging goods and services.
B) setting tariff rates on imports and exports.
C) increasing information and transparency.
D) forcing all states to remove barriers to trade.