Chapter 8

Chapter 8
Student: ___________________________________________________________________________

1.

The initial response by politicians to the actual and impending changes in the competitive environment of the European energy industry was
A. encouragment
B. opposition
C. to speed integration
D. to defeat the EU
E. concern over more competition

2.

An agreement between countries in a geographic region to reduce tariff and non-tariff barriers to the free flow of goods, services, and factors of production between each other is referred to as
A. regional economic integration
B. cross-cultural economic integration
C. geographic economic-political integration
D. cross-cultural economic-political integration.
E. transnational economic integration

3.

The European Union effectively became a single market with 340 million consumers in
A. 1992
B. 1998
C. 1994
D. 1993
E. 2001

4.

By 2008, nearly all of the WTO's ________________ members had notified the organization of participation in one or more regional trade agreements.
A. 128
B. 144
C. 150
D. 166
E. 152

5.

According to the textbook, by entering into _______________, groups of countries aim to reduce trade barriers more rapidly than can be achieved under the WTO.
A. regional agreements
B. synergistic agreements
C. global agreements
D. transnational agreements
E. free trade zones

6.

Nowhere has the movement toward regional economic integration been more successful than in
_______________.
A. Africa
B. South America
C. Asia
D. Europe
E. North America

7.

On January 1, 1993, the _______________ effectively became a single market with 340 million consumers. A. European Union
B. South American Union
C. North American Union
D. Southeast Asia Union
E. British Commonwealth

8.

The following three countries recently implemented the North American Free Trade Agreement
(NAFTA):
A. Panama, Mexico, and the United States.
B. Canada, Brazil, and the United States.
C. United States, Argentina, and Mexico.
D. Canada, Mexico, and