Question : 101.Which of the following true of the euro since its : 1299356

101.Which of the following is true of the euro since its establishment in 1999?  

A.The value of the euro has been stable against the U.S. dollar.

B.The euro’s value has steadily appreciated against the U.S. dollar.

C.The euro’s value initially appreciated and then steadily depreciated against the U.S. dollar.

D.The euro has had a volatile trading history against the U.S. dollar.

E.The value of the euro has been constant when compared to the U.S. dollar.

102.The _____ refers to a permanent bailout fund, worth about €500 billion, set up by the euro zone nations to restore confidence in the euro.  

A.European Fiscal Union

B.European Fiscal Compact

C.Troubled Assets Relief Program

D.European Stability Mechanism

E.European Financial Stability Facility

103.Which of the following is true of the criteria to qualify for membership to the European Union (EU)? 

A.The applicants were not required to privatize state assets.

B.The applicants were not required to adopt EU laws.

C.The applicants were required to tame inflation.

D.The applicants were required to refrain from restructuring industries.

E.The applicants were required to prevent deregulation of markets.

104.Which of the following is true of the provisions of the North American Free Trade Agreement?  

A.It does not allow financial institutions unrestricted access to the Mexican market.

B.It abolishes special treatment (protection) given to Mexican energy and railway industries.

C.It allows lowering of national environmental standards to lure investment.

D.It seeks the removal of most barriers on the cross-border flow of services.

E.It does not deal with the protection of intellectual property rights.

105.Which of the following is a consequence of the implementation of the North American Free Trade Agreement?  

A.Low-skilled jobs will be moved out to Mexico resulting in lowering of average wage rates in U.S. and Canada.

B.Increased imports from Mexico will help reduce the huge trade deficit for United States and Canada.

C.Lower incomes of the Mexicans would allow them to import less U.S. and Canadian goods, thereby decreasing demand.

D.A large number of Mexican firms will hire low-skilled workers from the United States.

E.Some U.S. and Canadian firms would move production to Mexico to take advantage of lower labor costs.

106.An argument against the North American Free Trade Agreement centered on the fear that ratification would result in:  

A.low interest rates in the U.S. and Canada.

B.mass exodus of jobs from the United States into Mexico.

C.a move towards a common currency for NAFTA member-nations.

D.competition from the members of the European Union.

E.high inflation in the U.S. and Canada.

107.Which of the following is a significant impact of the North American Free Trade Agreement (NAFTA)?  

A.It led to decreased economic stability in Canada.

B.It led to a major trade deficit for Canada.

C.It helped create the background for increased political stability in Mexico.

D.It led to trade surplus for all the three member-nations.

E.It led to a reduction in purchasing power of consumers in America.

108.Which of the following is an issue confronting the North American Free Trade Agreement?  

A.Economic stability

B.Reduction in purchasing power

C.Political stability

D.Expanding the membership of the agreement

E.Lack of resources

109.The _____ refers to a 1969 agreement among Bolivia, Chile, Ecuador, Colombia, and Peru to establish a customs union.  

A.Andean Pact

B.ASEAN

C.Mercosur

D.CARICOM

E.Caribbean Single Market and Economy

110.Which of the following is true of the Andean Pact of 1969?  

A.Political and economic problems seem to have hindered cooperation among member-countries of the Andean Pact.

B.By the mid-1980s, the Andean Pact achieved most of its stated objectives.

C.The dominant political ideology in many of the Andean countries tended toward the democratic end of the political spectrum.

D.The Galápagos Declaration effectively replaced the Andean Pact in 1997.

E.The Andean Pact sought to remove a common external tariff.