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85) Firms outside of trading areas run the risk of being shut out of the single market by the creation
of a
A) "trade fortress."
B) contracting economy.
C) single-market zone.
D) destabilized economy.
86) Discuss the trend toward increased regional economic integration.
87) Compare and contrast a free trade area and a common market. Provide examples.
88) What is the political case for integration? How did political arguments influence the
establishment of the European Union?
89) What are impediments to countries integrating?
90) What prompted the formation of the European Union?
91) What is the Single European Act? What was the effect of the Single European Act on the EU
economy? Did the Single European Act achieve its goals?
92) How will EU countries benefit from the establishment of a single currency? What, if any, are
the costs of a single currency?
93) Explain the North American Free Trade Agreement and then debate its ratification.
94) Explain how Mercosur has changed over time. What are the implications of these changes?
95) What is ASEAN? What is its basic goal? How successful is ASEAN?
96) Describe the state of economic integration in Africa. What factors have hindered the process?
97) Discuss the opportunities arising from the creation of the EU for international businesses.
98) Describe the disadvantages of economic integration for international businesses. How can
firms protect themselves from these threats?
