QUESTION Which of the following is a reason why Mercosur was temporarily suspended in 2001? A. The dotcom bust in Paraguay B. An economic crisis in Argentina C. The exit of Uruguay from the group D. The devaluation of the Mexican peso E. The Venezuelan financial crisis ANSWER B
Date: September 3rd, 2020
QUESTION Which of the following led to the collapse of the Central American Common Market in 1969? A. Devaluation of the Brazilian currency by 40 percent B. A coup in Nicaragua that led to the overthrow of the incumbent regime C. War between Honduras and El Salvador after a riot at a soccer match between […]
Date: September 3rd, 2020
QUESTION 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? A. Central American Common Market B. Free Trade Area of the Americas C. Caribbean Single Market and Economy D. Mercosur E. CARICOM […]
Date: September 3rd, 2020
QUESTION 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: A. Central American Free Trade Agreement. B. Central American Common Market. C. Free Trade Area of the Americas. D. CARICOM. E. Caribbean Single Market and Economy. […]
Date: September 3rd, 2020
QUESTION Which of the following refers to an association of English-speaking Caribbean states that are attempting to establish a customs union? A. CARICOM B. Central American Free Trade Agreement C. Central American Common Market D. Free Trade Area of the Americas E. Caribbean Single Market and Economy ANSWER A
Date: September 3rd, 2020
QUESTION 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 ANSWER […]
Date: September 3rd, 2020
QUESTION Which of the following is the aim of the Central America Free Trade Agreement? A. Lowering of trade barriers between the United States and the Central American Common Market countries B. Elimination of trade barriers between the CARICOM and Central American Common Market countries C. Reduction of trade barriers between Caribbean Single Market and […]
Date: September 3rd, 2020
QUESTION 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 […]
Date: September 3rd, 2020
QUESTION 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? 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 ANSWER D
Date: September 3rd, 2020
QUESTION 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 […]
Date: September 3rd, 2020
