Business

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

QUESTION Which of the following is true of the East African Community (EAC)? A. Its 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 […]

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Date: September 3rd, 2020

Which of the following is a threat facing the emergence of single mark

QUESTION Which of the following is a threat facing the emergence of single markets? A. 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. Overabundance of greenfield investments   ANSWER B

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Date: September 3rd, 2020

Which of the following is true of Alexander Yeats’s criticism of the A

QUESTION Which of the following is true of Alexander Yeats’s criticism of the Andean Pact? A. He pointed out that the slowest growing items in intra-Mercosur trade were cars, buses, agricultural equipment, and other capital-intensive goods. B. He believed that the trade creation effects of Mercosur outweighed its trade diversion effects. C. He felt that […]

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Date: September 3rd, 2020

Which of the following led to the collapse of the Central American Com

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 […]

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Date: September 3rd, 2020

Similarities in the underlying structure of economic activity make it

QUESTION Similarities in the underlying structure of economic activity make it feasible to adopt a single currency and use a single exchange rate as an instrument of macroeconomic policy in a(n): A. managed currency zone. B. open exchange regime. C. optimal currency area. D. free trade area. E. advanced monetary zone.   ANSWER C

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Date: September 3rd, 2020