Chapter 5. International Economic Integration

The entities participating in international economic integration are:

a. NGOs, international economic organizations

b. NGOs, governments

c. NGOs, enterprises

d. Enterprises, governments

d

The essence of international economic integration is:

a. Security cooperation among members

b. Social cooperation among members

c. International division of labor at a high level

d. Political cooperation among member countries

c

The entities participating in private international economic integration are:

a. International companies, economic corporations

b. Governments

c. International companies, governments

d. International economic organizations

a

The ultimate purpose of forming international economic integration is:

a. To bring benefits to members

b. To enforce common regulations

c. To create a fair business environment

d. To provide preferences to members

a

In private international economic integration, members may jointly implement:

a. Common economic and monetary policies

b. Common tariff schedules, a common currency

c. Common monetary policy, a common currency

d. Mergers and acquisitions

d

The entities participating in state-level international economic integration are:

a. Governments

b. Enterprises

c. NGOs

d. International economic organizations

a

The main objective of a Free Trade Area (FTA) is:

a. Establishing a common tariff schedule

b. Issuing a common currency

c. Formulating common economic policies

d. Creating a unified market for goods and services

d

The main objective of a Customs Union is:

a. Establishing a common tariff schedule

b. Issuing a common currency

c. Formulating common economic policies

d. Creating a unified market for goods and services

a

Which form of international economic integration has the lowest level of integration?

a. Common market

b. Customs union

c. Monetary union

d. Economic union

b

The purpose of the ASEAN Free Trade Area (AFTA) is:

a. Establishing a common tariff schedule

b. Issuing a common currency

c. Formulating common economic policies

d. Creating a unified market for goods and services

d

Which form does not allow free movement of capital and labor across borders?

a. Free Trade Area

b. Customs Union

c. Common Market

d. Free Trade Area and Customs Union

d

The higher the level of international economic integration, the more intense the competition becomes.

a. True

b. False

a

State-level international economic integration enables members to utilize their advantageous resources more effectively.

a. True

b. False

a

State-level international economic integration impacts member countries’ economic structures toward more rational development.

a. True

b. False

a

The higher the level of state-level international economic integration, the lower the independence and autonomy of member countries.

a. True

b. False

a

International economic integration is a compromise between ______.

A. trade protectionism and free trade

B. an economic association

A

International economic integration is the establishment of ______ among entities of different countries based on common rules of coordination, adjustment, and enhancing mutual adaptation.

A. trade protectionism and free trade

B. an economic association

B

______  international economic integration is the linkage between companies and economic corporations of different countries, aiming to establish common economic relations through contracts signed between parties.

Private

______ is the form of state-level international economic integration with the lowest level and content of integration.

A. FTA / Free Trade Area

B. from high to low / from complex to simple

A

Monetary union, economic union, common market, customs union, and free trade area are forms of state-level international economic integration arranged in order of integration level ______.

A. FTA / Free Trade Area

B. from high to low / from complex to simple

B