Question : 121.Which of the following the goal of the Caribbean Single : 1299358

 

121.Which of the following is the goal of the Caribbean Single Market and Economy?  

A.To remove all trade barriers between member nations in practice

B.To establish a political union

C.To adopt a common currency

D.To harmonize macroeconomic and monetary policy between member states

E.To establish an economic union

122.Which of the following is a major obstacle to the establishment of the Free Trade Area of the Americas?  

A.The United States wants its southern neighbors to agree to tougher enforcement of intellectual property rights, which they do not want to embrace.

B.Some constituent nations insist on a common currency, an initiative that has not found support among many nations.

C.Brazil and Argentina want the United States to open up critical industries such as telecom and airlines.

D.The major trading blocks in the region, NAFTA and Mercosur, have opposed its establishment.

E.There is no consensus on trade policies between Brazil and Argentina.

123.The _____ refers to an attempt to establish a free trade area between Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.  

A.Asia-Pacific Economic Cooperation

B.South Asian Association for Regional Cooperation

C.Asian Clearing Union

D.Association of Southeast Asian Nations

E.Maastricht Treaty

124.Which of the following is true of the Asia-Pacific Economic Cooperation (APEC)?  

A.It does not include the United States, Japan, and China.

B.The meeting of APEC members in Seattle in 1993 led to greater economic integration.

C.It was founded in 1990 at the suggestion of Australia.

D.APEC members signed a free trade agreement with China that removes tariffs on 90 percent of traded goods.

E.APEC members have established a free trade zone.

125.Which of the following is true with regard to the Asia-Pacific Economic Cooperation (APEC)?  

A.The stated aim of APEC is to increase multilateral cooperation in view of the economic rise of the Pacific nations.

B.The goal of APEC is to reduce import tariffs among the six original members to zero.

C.APEC is the world’s largest free trade area.

D.Collectively, the member-states account for about 85 percent of the world’s GNP, 75 percent of world trade, and much of the growth in the world economy.

E.APEC currently has 25 member-states, including such economic powerhouses as Germany, India, and Brazil.

126.Which of the following is true of the East African Community (EAC)?  

A.Their program includes cooperation on immigration, road and telecommunication networks, investment, and capital markets.

B.Its aim is to eliminate import tariffs among the six original members.

C.It is the world’s largest free trade area.

D.It seeks to apply national environmental standards, provided such standards have a scientific basis.

E.It seeks to protect intellectual property rights.

127.Which of the following is a threat facing the emergence of single markets?  

A.Threat of getting engulfed in a trade war

B.Increased price competition throughout the European Union

C.Increase in price differentials across nations

D.Reduced environmental standards in order to lure investments

E.Threat of greenfield investments

 

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