Question 1

The United Nations (UN)was formed in 1945 at the end of World War II to replace the ______.

Accepted Answer

The answer of The United Nations (UN)was formed in 1945...

Question 2

What is the World Trade Organization (WTO)?

Accepted Answer

The answer of What is the World Trade Organization (WTO)?...

Question 3

What is the UN Global Compact?

Accepted Answer

The answer of What is the UN Global Compact?...

Question 4

What are the current and future challenges of the European Union?

Accepted Answer

The answer of What are the current and future challenges...

Question 5

What are the institutions of the European Union (EU)that help the member countries to closely cooperate and coordinate key aspects of their economic policy?

Accepted Answer

The answer of What are the institutions of the European...

Question 6

The initial focus of the European Union was on the development of the _____ industries for peaceful purposes.

Accepted Answer

The answer of The initial focus of the European Union...

Question 7

_____ which developed as a result of the Uruguay Round of GATT was designed to be an actual institution charged with the mission of promoting free and fair trade.

Accepted Answer

The answer of _____ which developed as a result of...

Question 8

The concept of the most-favored-nation status as was established by the WTO has eased into a new principle called _____ due to the large number of countries that are following this practice.

Accepted Answer

The answer of The concept of the most-favored-nation status as...

Question 9

The biggest change from GATT to the WTO was the provision for the _____.

Accepted Answer

The answer of The biggest change from GATT to the...

Question 10

The _____ refers to an economic trade agreement that specifically allowed Iceland, Liechtenstein, and Norway to participate in the EU's single market without a conventional EU membership.

Accepted Answer

The answer of The _____ refers to an economic trade...

Question 11

The _____ has more member countries than the EU, NAFTA, and APEC but represents a substantially smaller portion of global trade than these other cooperatives.

Accepted Answer

The answer of The _____ has more member countries than...

Question 12

What are the advantages that European Union (EU)enjoys that has led it to become one of the most successful examples of regional economic cooperation?

Accepted Answer

The answer of What are the advantages that European Union...

Question 13

What are the key challenges and opportunities of the North American Free Trade Agreement (NAFTA)?

Accepted Answer

The answer of What are the key challenges and opportunities...

Question 14

How did the General Agreement on Tariffs and Trade (GATT)promote international trade and commerce?

Accepted Answer

The answer of How did the General Agreement on Tariffs...

Question 15

The only exception to the GATT agreement to limit or remove trade barriers were export subsidies for _____ products.

Accepted Answer

The answer of The only exception to the GATT agreement...

Question 16

A tariff reduction, which was applicable to both the countries, was agreed upon by country A and country B.In such a case, the countries are according the _____ status to each other.

Accepted Answer

The answer of A tariff reduction, which was applicable to...

Question 17

Which were the three areas that were targeted by the Treaty of Maastricht that led to the transformation of the European Union into a real economic union?

Accepted Answer

The answer of Which were the three areas that were...

Question 18

The _____ is theonly regional trading group that uses the term member economies, rather than countries, in deference to China.

Accepted Answer

The answer of The _____ is theonly regional trading group...

Question 19

The primary impact for businesses in a conflict is in the areas of staffing, operations, regulations, and currency convertibility and financial management.Explain.

Accepted Answer

The answer of The primary impact for businesses in a...

Question 20

The _____ is a political and economic organization that calls for the coordination of a unified military presence in the Middle East in the form of a Peninsula Shield Force.

Accepted Answer

The answer of The _____ is a political and economic...

Quiz 5: Global and Regional Economic Cooperation and Integration