QUESTION Which of the following is true of the criteria to qualify for membership to the European Union? 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 […]
QUESTION Which of the following is true of the Single European Act? A. It proposed to place frontier controls among European Community countries. B. It sought to abolish the application of the principle of “mutual recognition” to product standards. C. It proposed to reduce costs indirectly by preventing national suppliers to compete. D. It provided […]
QUESTION Which of the following is a major 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 ANSWER D
QUESTION Which of the following treaties committed European Community members to adopt a common currency by January 1, 1999? A. The Maastricht Treaty B. The Treaty of Rome C. The Treaty of Lisbon D. The Montreal Treaty E. The Treaty of Paris ANSWER A
QUESTION Which of the following is an expected 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 the United States and Canada. B. Increased imports from Mexico will help reduce the huge trade deficit for United […]
QUESTION Which of the following was a change proposed by the Single European Act? A. Establish frontier controls among European Community countries B. Increase the resources required for complying with trade bureaucracy C. Place barriers to competition in the retail banking and insurance businesses D. Apply the principle of “mutual recognition” to product standards E. […]
QUESTION An argument against the North American Free Trade Agreement centered on the fear that ratification would result in: A. low interest rates in the Unites States and Canada. B. mass exodus of jobs from the United States into Mexico. C. a move toward a common currency for NAFTA member nations. D. competition from the […]
QUESTION Which of the following comprises the euro zone? A. The 27 member nations of the European Union B. The member nations of the European Union and the applicants to the union C. The 18 member nations who use the euro as their currency D. The member nations of the European Union and countries who […]
QUESTION 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 a trade surplus […]
QUESTION Which of the following is responsible for proposing European Union legislation, implementing it, and monitoring compliance with European Union laws by member-states? A. Council of the European Union B. European Commission C. European Parliament D. Court of Justice E. European Community ANSWER B
