Which of the following is NOT criteria for member nations to use the euro as outlined in the Maastricht Treaty?
A. Specific interest rates
B. A specific level of inflation
C. A lack of price transparency
D. A specified level of debt
E. A specified level of government deficit
Which of the following statements does not describe the African Union (AU)?
A.The AU envisions a united and strong Africa.
B. The aim of the AU is to remove vestiges of colonialism and apartheid.
C. The AU aims to continue the policies of colonialism.
D. The AU aims to intensify cooperation for development.
E. On the African continent, 53 nations created the African Union (AU).
Which of the following is NOT a positive effect of regional trade agreements?
A. Corporate savings
B. Trade diversion
C. Employment opportunities
D. Political cooperation
E. Trade creation
Which of the following is NOT a fact about ASEAN that warrants consideration?
A. Corruption and shadow markets
B. Economic competition
C. Political change and turmoil
D. Diverse cultures and politics
E. Common tariffs and standards
Which of the following statements about ASEAN is FALSE?
A. ASEAN consists of five countries.
B. ASEAN seeks to promote economic, cultural, and social development.
C. ASEAN was formed in 1967.
D. ASEAN serves as a forum to resolve differences peacefully.
E. ASEAN seeks to counter China's rising strength, resources of cheap labor, and abundant raw materials.
Which of the following is NOT a provision of NAFTA?
A. Adding new countries to the European Union
B. Liberalized rules for the granting of subsidies
C. Liberalized rules regarding government procurement practices
D. Elimination of tariffs in North America
E. Trade in services, intellectual property rights, and standards of health, safety, and the environment
Which of the following is NOT a negative effect of regional trade agreements?
A. Political cooperation
B. Employment shifts
C. Trade diversion
D. Loss of national sovereignty
E. Cultural homogenization
Which of the following is NOT an effect off NAFTA?
A. The United States exports more to Mexico.
B. NAFTA has created jobs in the United States.
C. Mexico's exports to the United States have increased.
D. The United States has developed a trade deficit with Canada and Mexico.
E. Trade among Canada, the United States, and Mexico has increased.
Which of the following is NOT a main regional trading bloc?
A. North American Free Trade Agreement
B. United Nations
C. European Union
D. Association of Southeast Nations
E. Southern Common Market
