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 […]
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. […]
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
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 […]
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 […]
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 […]
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
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 […]
QUESTION 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 […]
QUESTION 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 […]
