The economic integration process of the European Community isn’t manifested in ( ) A. Building a unified European market B. Establishment of a Customs Union C. Implementation of the Common Agricultural Policy D. Establishment of the European Monetary System
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- 1. Discuss (2) two benefits and (2) two challenges of the Economic Union (EU).When was the EU's common commercial policy established? Select one: a.1987 b.1957 c.2002 d.1992EU deepening refers to A.adding additional countries into the single currency area.B.legislation that restricts the sovereignty of individual countries.C.extending the boundaries of the EU to include new members.D.activities that cause increased levels of integration in the national economies.
- What are the advantages of economic integration for EU? What is the difference of Custom Union and Free Trade area? Write first five economic power of EU and explain the relation of economic power with trade volume.What are the economic effects of membership of the European Union? Discuss in the context of member states and firms from these states.18) Which of the following is a true statement about the European Union? A) It is working toward the abolition of import duties. B) It is trying to create opportunities to trade with South America. C) It is striving to impose customs checks within Europe. D) It is working toward the creation of a standardized currency. E) It is trying to increase value-added taxes. 18)
- European EU Economics What do you think were the main factors behind the emergence of the European 'project' in the early post-war period? Is an understanding of these factors important to the debate on the future of the EU in late 2021? Explain why.The criteria for accession to the European Union do not include: Select one: a.the ability to assume the obligations of membership (to apply EU rules and policies effectively); b.balancing the costs and benefits of such a process; c.a functioning market economy and the ability to cope with competitive pressures; d.democracy, respect for the law, human rights, respect for minorities;Which of the following is the main reason behind doing international business * A. To benefit foreign countries B. To provide financial support to the country’s government C. For the welfare of underprivileged people D. To increase the assets and earn profits and expand the market
- Liberalization means? a. Liberating the industry, trade and economy from unwanted restrictions b. Free determination of interest rates c. Reducing number of reserved industries from 17 to 8 d. Opening up of economy to the world by attaining international competitiveness43. The process of sharing goods, services, knowledge, and cultures across national borders is referred to asa. multinationalism.b. relativism.c. hypernorms.d. globalization.1.what impact does international trade have on the U.S. economy? 2.Explain the impact of a currency devaluation. 3.what are the benefits of globalization? 4.Describe several tariff and non-tariff barriers to trade. 5.Describe the purpose and role of the WTO 6. Explain the pros and cons of NAFTA 7.Discuss several ways that a company can enter international trade. 8.Describe several cultural factors that a company involved in international trade should consider 9.what is a multinational corporation? 10.what trends will foster continued growth in world trade?
