
EXAMPLE ECONOMIC INTEGRATION
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Education
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nasreen mohdmansor
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the advantage of custom union?
harmonized political system
greater collective economic and political power in the world
free movement of factors of production among member countries
countries in customs union may enjoy stronger bargaining power
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
which of the following is INCORRECT about EUROPIAN UNION ( EU)?
customs procedures and regulations have been eliminated
tariff and non tariff barrier have been eliminated for trade in product and services
barrier to cross national movement of factors of production have been increased
technical standard ,regulations and enforcement procedures related to commercial activities are being harmonized
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
one of the objective of___________ is to strengthen the economics and trade regulation among its 14 member states which includes jamaica,guyana,grenade and barbados
ANDEAN COMMON MARKET( ANCOM)
CARRIBEAN COMMON MARKET (CARICOM)
CENTRAL AMERICAN COMMON MARKET ( CACM)
NORTH AMERICA FREE TRADE AGREEMENT ( NAFTA)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a _____________ member country agree to eliminate tariff and other trade barrier,however each member country is allowed to determine its own policies regarding non member countries.
This statement explain about :
customs union
political union
free trade area
common market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
previously nation in latin america are encouraged free trade agreement as they was led by military dictators
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The larger countries in the free trade area of america ( FTAA) had agreed to give smaller and less developed countries more time to reduce tariff as well as to open their economy to foriegn market
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is INCORRECT about Gulf cooperation council GCC?
the citizen of the country are allowed to travel freely in GCC without Visas
GCC was established due to the geographic proximity and general adoption of free trade economic policies among the member countries
the primary purpose of GCC its formation was to cooperate with AFTA but its evolved to become as much as political entity as an economic one
it allows the citizen of one member nation to own land,property and business in any other member nation without the need for local sponsors or partner
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
___________-aims to create the largest free trade are on the planet
CACM
FTAA
CARICOM
MERCOSUR
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