Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
89. Which of the following is an expected consequence of the implementation of the North American Free
Trade Agreement?
90. An argument against the North American Free Trade Agreement centered on the fear that ratification would
result in:
91. Which of the following is a significant impact of the North American Free Trade Agreement (NAFTA)?
92. Which of the following is a major issue confronting the North American Free Trade Agreement?
93. Which of the following refers to a 1969 agreement among Bolivia, Chile, Ecuador, Colombia, and Peru to
establish a customs union?
94. Which of the following is true of the Andean Pact of 1969?
95. Which of the following is true of the Andean Pact during the mid-1980s?
96. The Andean Community now operates as a(n):
97. Which of the following refers to a pact that originated in 1988 to establish a free trade area now including
Argentina, Brazil, Paraguay, and Uruguay?
98. Which of the following is true of Alexander Yeats's criticism of the Andean Pact?
99. Which of the following is a reason why Mercosur was temporarily suspended in 2001?
100. Which of the following refers to a trade pact among Costa Rica, El Salvador, Guatemala, Honduras, and
Nicaragua, which began in the early 1960s but collapsed in 1969 due to war?
101. Which of the following led to the collapse of the Central American Common Market in 1969?
102. The agreement of the member-states of the Central American Common Market joined by the Dominican
Republic to trade freely with the United States is known as the:
103. Which of the following is the aim of the Central America Free Trade Agreement?
104. Which of the following refers to an association of English-speaking Caribbean states that are attempting to
establish a customs union?
105. Which of the following is the goal of the Caribbean Single Market and Economy?
106. Which of the following is a major obstacle to the establishment of the Free Trade Area of the Americas?
107. Which of the following refers to an attempt to establish a free trade area between Brunei, Cambodia,
Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam?
108. Which of the following is true of the Asia-Pacific Economic Cooperation (APEC)?
109. Which of the following is true with regard to the Asia-Pacific Economic Cooperation (APEC)?
110. Which of the following is true of the East African Community (EAC)?
111. Which of the following is a threat facing the emergence of single markets?
112. Briefly describe the concept of regional economic integration.
113. Differentiate between a free trade area and a customs union. Provide an example of each form of economic
integration.
while those in the latter commit to pursue a common external trade policy.
114. How is a common market different from an economic union?
115. What are the two impediments to regional economic integration?
116. Define trade creation and trade diversion with respect to regional economic integration.
117. What are the two political factors that led to the creation of the European Union?
118. Briefly describe the European Council.
119. What were the objectives of the Single European Act?
120. Briefly describe the benefits of the euro.
121. Describe the drawbacks of the euro.
122. Describe the arguments for the North American Free Trade Agreement (NAFTA).
123. Describe the Central American Common Market and the Central America Free Trade Agreement.
124. Briefly describe the Association of Southeast Asian Nations.
125. Briefly describe how the creation of a single market through regional economic integration offers
significant opportunities. Provide an example.
