Question 1

The most fully integrated form of regional cooperation is the _________ union.

Accepted Answer

The answer of The most fully integrated form of regional...

Question 2

A __________ agreement eliminates all tariffs and other restrictions on internal trade,adopts a set of common external tariffs,and removes all restrictions on the free flow of capital and labor among member nations.

Accepted Answer

The answer of A __________ agreement eliminates all tariffs and...

Question 3

The __________,a provision of the Maastricht Treaty,established the parameters of the creation of a common currency,the Euro.

Accepted Answer

The answer of The __________,a provision of the Maastricht Treaty,established...

Question 4

Though there are several,the primary multinational trade group in Asia is:

Accepted Answer

ASEAN (Association of Southeast Asian Nations) is the primary multinational trade group in Asia focused on economic integration, trade facilitation, and promoting regional economic growth. It includes ten member countries including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.

Question 5

The most basic economic integration and cooperation is the ___________.

Accepted Answer

The answer of The most basic economic integration and cooperation...

Question 6

The members of NAFTA are __________,_____________,and _____________.

Accepted Answer

The answer of The members of NAFTA are __________,_____________,and _____________....

Question 7

The EU's __________ of was criticized by Europeans for having translation variations with "shades of meaning" that reflected a political compromise.

Accepted Answer

The answer of The EU's __________ of was criticized by...

Question 8

One of the main preoccupations of the __________ to eastward expansion is the prospect of illegal immigrants from former Soviet states surging across poorly guarded borders.

Accepted Answer

The answer of One of the main preoccupations of the...

Question 9

____________ are factories in Mexico assembling products for NAFTA markets.

Accepted Answer

The answer of ____________ are factories in Mexico assembling products...

Question 10

The primary multinational trade group that represents Asia is known as __________.

Accepted Answer

The answer of The primary multinational trade group that represents...

Question 11

Successful economic union requires favorable economic,political,cultural,and ____________ factors as a basis for success.

Accepted Answer

The answer of Successful economic union requires favorable economic,political,cultural,and ____________...

Question 12

______________ has been the least aggressive of the regions in the world in the formation of successfully functioning multinational market groups.

Accepted Answer

The answer of ______________ has been the least aggressive of...

Question 13

The European Union was created when the 12 nations of the European Community ratified the ___________ Treaty which created a common currency.

Accepted Answer

The answer of The European Union was created when the...

Question 14

In 2007 the __________ celebrated its golden anniversary;most would agree that it has been a success delivering peace and prosperity to its member nations.

Accepted Answer

The answer of In 2007 the __________ celebrated its golden...

Question 15

________________ rather than NAFTA may be the organization that finally unites all of the Americas in a free trade agreement.

Accepted Answer

The answer of ________________ rather than NAFTA may be the...

Question 16

_________________ are those groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers.

Accepted Answer

The answer of _________________ are those groups of countries that...

Question 17

provided the European Community with the Economic and Monetary Union (EMU)and the ________ Union.

Accepted Answer

The answer of provided the European Community with the Economic...

Question 18

The ___________ is a logical stage of cooperation in the transition from a free trade area to a common market.

Accepted Answer

The answer of The ___________ is a logical stage of...

Question 19

Essentially,a ___________ provides its members with a mass market without barriers to impede the flow of goods and services.

Accepted Answer

The answer of Essentially,a ___________ provides its members with a...

Question 20

The second-largest common-market agreement in Latin America after NAFTA is known as _________________.

Accepted Answer

The answer of The second-largest common-market agreement in Latin America...

Quiz 10: Multinational Market Regions and Market Groups