Post-WWII Economic Landscape Quiz

What was the primary goal of the Marshall Plan?

• To promote Soviet communism

• To aid European recovery

• To establish the United Nations

• To create the European Union

Which institution was established to ensure the stability of the international monetary system?

• European Central Bank (ECB)

• European Free Trade Association (EFTA)

• World Bank

• International Monetary Fund (IMF)

What was the Treaty of Rome primarily responsible for?

• Establishing the United Nations

• Creating the European Economic Community (EEC)

• Launching the Marshall Plan

• Forming the Bretton Woods Institutions

Which country is often referred to as the 'Gateway to Europe'?

• Italy

• Netherlands

• France

• Germany

What does the acronym EFTA stand for?

• European Federation of Trade Associations

• European Free Trade Agreement

• European Free Trade Association

• European Financial Trade Alliance

What is the main purpose of competition law?

• To manage currency stability

• To regulate international trade

• To promote monopolistic practices

• To prevent anti-competitive behavior

What does TRIPS stand for?

• Trade Regulations in International Property Standards

• Trade-Related Aspects of Intellectual Property Rights

• Trade Rights in International Property Standards

• Trade-Related International Property Systems

What is a key feature of the Trade and Cooperation Agreement (TCA)?

• It establishes a common currency

• It eliminates all tariffs between the UK and EU

• It introduces new customs procedures

• It allows free movement of labor

Which of the following is NOT a function of the World Bank?

• Providing loans for infrastructure

• Offering advice to public and private sectors

• Monitoring global economic trends

• Reducing poverty

What is the primary role of Incoterms?

• To define international trade laws

• To manage international monetary policies

• To standardize shipping costs and risks

• To regulate tariffs and quotas