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60) Which of the following countries has been facing difficulties in negotiations regarding its
application for European Union membership?
A) Bulgaria
B) Czech Republic
C) Romania
D) Turkey
61) For countries to become members of the European Union, they have to meet certain demands
laid down by the EU referred to as the ________.
A) Copenhagen Criteria
B) Closer Economic Relations Agreement
C) Andean Community
D) Euro-Plus Pact
62) Which of the following institutions is least likely to play an important role in monitoring and
enforcing economic and political integration in the European Union?
A) European Parliament
B) Council of the European Union
C) European Court of Human Rights
D) European Commission
63) The main purpose of the ________ is to debate and amend legislation proposed by the
European Commission of the EU.
A) European Parliament
B) Council of the European Union
C) Court of Auditors
D) Court of Justice
64) The Council of the European Union is the ________ body of the European Union.
A) legislative
B) executive
C) judicial
D) monitoring
65) No proposed legislation becomes EU law unless the ________ votes it into law.
A) Council of the European Union
B) European Parliament
C) Court of Auditors
D) European Commission
66) The European Commission is the ________ body of the European Union.
A) legislative
B) executive
C) financial
D) monitoring
67) The Court of Justice is the ________ of the European Union.
A) court of honor
B) court of appeals
C) small-claims court
D) arbitral tribunal
68) The European Free Trade Association was formed in 1960 to focus on trade in ________.
A) consumer goods
B) agricultural goods
C) industrial goods
D) services
69) Which of the following is currently a member of the European Free Trade Association?
A) Slovakia
B) Ireland
C) Norway
D) Italy
70) Which of the following is best classified as an economic union?
A) Southern Common Market (MERCOSUR)
B) European Union (EU)
C) North American Free Trade Agreement (NAFTA)
D) Andean Community
71) The Maastricht Treaty called for political union of the member nations.
72) Ombudsman and Data Protection Supervisor are the EU institutions that fulfill secondary and
support roles.
73) The Council of the European Union is the legislative body of the EU.
74) The Court of Justice is the court of appeals of the European Union.
75) Like the European Union commissioners, EU justices are required to act in the interest of
their native countries.
76) The European Free Trade Association focuses on trade only in consumer goods, and not in
manufactured goods.
77) The European Union (EU) and European Free Trade Association (EFTA) created the
European Economic Area (EEA).
78) Describe the structure of the European Union.
79) While ________ encourages free trade among Canada, Mexico and the United States,
manufacturers and distributors must abide by local content requirements and rules of origin.
A) NAFTA
B) LAFTA
C) CAN
D) CAFTA-DR
80) Which of the following countries is a member of the North American Free Trade Agreement
(NAFTA)?
A) Costa Rica
B) Honduras
C) Venezuela
D) Canada
81) Which of the following statements is true of NAFTA?
A) It introduced a common currency for trade between the U.S., Mexico and Canada.
B) It overrode the local content requirements and rules of origin for products manufactured in the
member nations.
C) It eliminated all tariffs and nontariff trade barriers on goods originating from within North
America.
D) It called for stringent rules regarding government procurement practices and the imposition of
countervailing duties.
82) The ________ was established in 2006 between the United States and Costa Rica, El
Salvador, Guatemala, Honduras, Nicaragua, and later the Dominican Republic.
A) NAFTA
B) LAFTA
C) CAFTA-DR
D) CAN
83) The main objectives of the Andean Community include ________.
A) introduction of tariffs for trade among member countries
B) separate policies in both transportation and certain industries
C) a common external tariff
D) a common currency
84) In today's world, the Andean Community is best described as an incomplete ________.
A) free-trade area
B) customs union
C) economic union
D) political union
85) ALADI refers to the ________.
A) Latin American Integration Association
B) Association of Southeast Asian Nations
C) Asia Pacific Economic Cooperation
D) Latin American Free Trade Association
86) Today, the Southern Common Market (MERCOSUR) acts as a(n) ________.
A) economic union
B) political union
C) customs union
D) preferential trading area
87) The main challenge facing the Caribbean Community and Common Market (CARICOM) is
that ________.
A) the bloc has not yet signed an agreement calling for a single market
B) military conflicts continue to hamper efforts to move toward political union
C) most members trade more with nonmembers than they do with each other
D) the bloc has had no success in persuading Chile to become a member
88) The common market between Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua
is referred to as the ________.
A) Latin American Integration Association
B) Central American Common Market
C) Andean Community
D) Southern Common Market
89) Which of the following countries of the Central American Common Market has adopted the
U.S. dollar as its official currency?
A) El Salvador
B) Honduras
C) Nicaragua
D) Costa Rica
90) The Free Trade Area of the Americas (FTAA) is a trade agreement ________.
A) between Mexico, Canada, and the U.S.
B) among the South American nations
C) that has been proposed to create the largest free trade area on the planet
D) that includes the United States and the European Union
91) The regional trade agreement between Canada, Mexico, and the United States to eliminate
tariffs and non-tariff barriers between themselves is known as the ________.
A) Central American Free Trade Agreement
B) Andean Community
C) Caribbean Community and Common Market
D) North American Free Trade Agreement
92) ________ is an example of a free trade agreement.
A) NAFTA
B) Mercosur
C) European Union
D) APEC
93) Bolivia, Colombia, Ecuador, and Peru belong to the ________.
A) Latin American Free Trade Association (LAFTA)
B) Central American Common Market
C) Andean Community
D) Latin American Integration Association (ALADI)
94) The Andean Community most closely resembles a(n) ________.
A) economic union
B) customs union
C) common market
D) political union
95) Canada and the United States are early examples of political unions.
96) The North American Free Trade Agreement membership includes Canada, Mexico, and the
United States.
97) The Southern Common Market is also referred to as MERCOSUR.
98) Today, the Southern Common Market acts as a political union.
99) The main difficulty CARICOM will continue to face is that most members trade more with
nonmembers than they do with each other.
100) Explain the Single European Act and how it helped to integrate Europe. How did the Single
European Act help prompt the creation of NAFTA?
101) Briefly describe regional integration efforts in Central America and the Caribbean.
102) Compare and contrast the slow progress of the Andean Community and the Economic
Community of West African States (ECOWAS). Why have these trade blocs not been more
successful?
103) The major objective of the Association of Southeast Asian Nations (ASEAN) is to
________.
A) approach the European Union to resolve disputes between member countries
B) safeguard the region's economic and political stability
C) introduce barriers to trade and investment
D) increase members' tariff rates from an average of 7.5 percent to 15 percent
104) Which of the following is part of ASEAN?
A) Cuba
B) Cambodia
C) Peru
D) Greenland
105) The primary purpose of the Gulf Cooperation Council at its formation was to ________.
A) cooperate with the increasingly powerful trading blocs in Europe at the time
B) create the largest free trade area on the planet
C) increase members' tariff rates from an average of 7.5 percent to 15 percent
D) introduce barriers to trade and investment
106) A group of fifty-three nations on the African continent joined forces in 2002 to create the
________.
A) Economic Community of West African States
B) African Union
C) African Unification Front
D) Organization of the African Unity
107) The process undertaken by these twenty-six countries is an example of ________.
A) foreign direct investment
B) protectionism
C) economic nationalism
D) regional economic integration
108) The stated aim of Asia Pacific Economic Cooperation (APEC) is to strengthen the
multilateral trading system.
109) Describe the Association of Southeast Asian Nations (ASEAN).
110) Describe some of the cultural challenges of doing business with countries of Central and
Eastern Europe. How do these challenges compare with the challenges of doing business with
ASEAN countries?
111) Explain how political cooperation is a benefit of regional integration. How has the Gulf
Cooperation Council (GCC) evolved towards political cooperation?
