Question 1

Which of the following is not a commonality shared by member countries of the European Union?

Accepted Answer

The EU is successful because of the economic commonalities shared by member countries. In addition to the items listed above, EU members also share high productivity and telecommunications infrastructure.

Question 2

Members of the European Union often differ with regard to the economic and trade policies they advocate. Which of the following is an accurate description of one of those differences as illustrated in your text?

Accepted Answer

Both Germany and the Netherlands stress the importance of market mechanisms and interfere only minimally in the regulation of business. France often stresses social welfare at the expense of market development. Great Britain is not part of the European Union. This information may be found in the "Economic Considerations" section (4-1d).

Question 3

Countries in East Africa were formerly colonized by ____ and share a common second language, as well as ties with the former colonist.

Accepted Answer

Countries in East Africa were formerly colonized by Belgium and share a common second language (French), as well as extensive economic and political ties with the former colonist.

Question 4

Which of the following is a factor that prompts countries to favor trade with other countries?

Accepted Answer

Sharing a culture, a common language, a common history, or even common borders may lead countries to join forces in an effort to eliminate barriers to trade.

Question 5

Which economic organization was established in Canberra, Australia, to mitigate the economic block and trade protection trend prevailing in the 1970's and 1980's?

Accepted Answer

APEC was established to mitigate the economic block and trade protection trend prevailing in the 1970's and 1980's. It was established in 1989 at a ministerial meeting in Canberra, Australia, with the mission to create an open economic alliance in the Asia-Pacific region. This trade group includes all the major economies of the region (the U.S. and Canada are member countries), accounting for 43% of global trade.

Question 6

Former colonies of the British Empire ____.

Accepted Answer

Former colonies of the British Empire form the Commonwealth of Nations, a body that meets periodically to address issues of common concern and that recognizes the British monarchy as its symbolic leader.

Question 7

Which of the following is not a free trade agreement?

Accepted Answer

The following are present and past examples of free trade agreements: European Free Trade Association, Association of Southeast Asian Nations, ASEAN Free Trade Area, North American Free Trade Agreement, Free Trade Area of the Americas, Southern African Development Community, and the Arab Maghreb Union.

Question 8

The Organization for Petrol Exporting Countries (OPEC), the North Atlantic Treaty Organization (NATO), and the Organization for Economic Co-operation and Development (OECD) are all examples of:

Accepted Answer

Multilateral agreements that primarily provide a forum for regional cooperation endeavors are numerous. Some are industry specific, such as the Organization for Petrol Exporting Countries (OPEC). Some are military in nature, such as the North Atlantic Treaty Organization (NATO). Others have an economic focus-for example, the Organization for Economic Co-operation and Development (OECD).

Question 9

Which country is the only European Free Trade Association country to participate in the Schengen agreement on the elimination of border controls.

Accepted Answer

Norway is the only European Free Trade Association country to participate in the Schengen agreement on the elimination of border controls, in the EU common foreign and security policy.

Question 10

Russian dominance in the former Soviet Union led to the use of the Russian language in many countries in Europe and Asia. In which of the following countries has Russian never been used?

Accepted Answer

Russia's economic, political, and cultural dominance in the former Soviet Union has resulted in the use of the Russian language from the Baltics (Estonia, Lithuania, and Latvia) and the Ukraine, to the Asian republics of the former federation, such as Turkmenistan and Azerbaijan.

Question 11

A history of dominance by one nation in a region often leads to shared

Accepted Answer

A history of dominance by one nation in a region often leads to shared cultural elements among the different peoples in that region, as well as to similar economic and political structures. However, countries are likely to adopt their own currency and to protect their own natural resources.

Question 12

Which country is a member of the Association of Southeast Asian Nations (ASEAN)?

Accepted Answer

Members of ASEAN are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Question 13

The twelve non-Baltic successors to the Union of the Soviet Socialist Republics formed the

Accepted Answer

The twelve non-Baltic successors to the Union of the Soviet Socialist Republics formed the Commonwealth of Independent States. The Central Asian Trade Federation does not exist. The Central European Free Trade Agreement members were once part of the Soviet Bloc but these four countries are not part of the 12 non-Baltic successors. The Southern Cone Common Market consists of South American countries.

Question 14

The focus of the EU is eastern expansion and the constraints they are faced with are:

Accepted Answer

The constraints facing the EU include: numerous complexities related to the different stages and phases of eastward enlargement, possibilities of looser associated memberships, special rights of non-members, and periods of transition to membership and special arrangements. Thus all of the above are correct.

Question 15

Most of the Asia-Pacific Economic Cooperation's (APEC) advances so far have been made in the area of

Accepted Answer

Most of APEC's advances have been made in the area of computers and the Internet. APEC members agreed upon a moratorium on customs duties over the Internet, on safeguards against software piracy, and on eliminating tariffs on computers and semiconductors.

Question 16

The countries of the former Soviet Union shared a history of ____.

Accepted Answer

The countries of the former Soviet Union shared a history of Russian economic, political, and cultural dominance. The countries also shared economic and marketing structures, many of which continue to survive-for example, state-owned enterprises and large, nationwide distributors.

Question 17

Which of the following is not true regarding the members of the European Union?

Accepted Answer

In the case of the European Union, the member countries are quite dissimilar culturally; however, their regional proximity and the highly developed transportation infrastructure within the region, as well as economic similarity between the different countries, have all greatly contributed to the success of the regional economic and political integration. Members of the EU are adopting the Euro as their common currency.

Question 18

Which country is not a member of the European Free Trade Association?

Accepted Answer

The current member countries of the European Free Trade Association are Iceland, Liechtenstein, Norway and Switzerland.

Question 19

The perception of European Union members is that EFTA members

Accepted Answer

The perception of European Union members is that EFTA members would like to have more impact on the decision-making process within the EU, in particular on legal decisions (where nonmembers have no influence at all), and share in the benefits of the single European market, but are not prepared to share in the costs and other obligations of membership.

Question 20

Countries in East Africa ____.

Accepted Answer