Question

The purpose of the Central America Free Trade Agreement is to

Multiple Choice

• lower trade barriers between the United States and the Central American Common Market countries.

• eliminate trade barriers between the CARICOM and Central American Common Market countries.

• reduce of trade barriers between Caribbean Single Market and Economy nations and Central American Common Market countries.

• introduce a common currency for Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.

• reduce tariffs and quotas between Costa Rica, Dominican Republic, and Nicaragua.

• Which country has been granted three bailout efforts by the EU in an attempt to prevent a sovereign debt crisis?

• Multiple Choice

• Greece

• France

• Great Britain

• Belgium

• Portugal

• Canada and the United States agree to remove all barriers to the trade of goods between them. However, the countries agree that each would be allowed to determine its own trade policies with regard to nonmembers. The economic integration between these countries is called a(n)

  Multiple Choice

• free trade area.

• customs union.

• common market.

• economic union.

• political union.

• What is one main impediment to regional economic integration?

  Multiple Choice

• identical political ideologies

• reduced immigration

• loss of national sovereignty

• lack of popular support

• difficult international policies

• Brett Thiesen wants to make a political case for regional economic integration to his electorate. Which valid statement can he make in this regard?

  Multiple Choice

• Linking neighboring economies increases the potential for violent conflict.

• Free trade stimulates economic growth, which creates dynamic gains from trade.

• Making neighboring economies increasingly dependent on each other fails to create incentives for political cooperation.

• Countries can enhance their political weight in the world by grouping their economies.

• Those seeking a united Europe have always had a desire to make another war in Europe imminent.

Answer 1

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Brett Thiesen wants to make a political case for regional economic integration to his electorate. Which valid statement can he make in this regard?

Free trade stimulates economic growth, which creates dynamic gains from trade.

What is one main impediment to regional economic integration?

loss of national sovereignty

Canada and the United States agree to remove all barriers to the trade of goods between them. However, the countries agree that each would be allowed to determine its own trade policies with regard to nonmembers. The economic integration between these countries is called a(n)

Free trade area.

Which country has been granted three bailout efforts by the EU in an attempt to prevent a sovereign debt crisis?

Greece

The purpose of the Central America Free Trade Agreement is to

lower trade barriers between the United States and the Central American Common Market countries.

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