#1
Which organization is responsible for overseeing the European Union's economic policies?
European Central Bank (ECB)
International Monetary Fund (IMF)
World Trade Organization (WTO)
North Atlantic Treaty Organization (NATO)
#2
What does NAFTA stand for?
North American Free Trade Agreement
National Association of Farmers and Truckers Association
National Association of Financial Trading Authorities
North African Financial Trading Agreement
#3
What is the primary goal of economic integration?
To increase competition among member countries
To decrease trade between member countries
To promote economic cooperation and growth among member countries
To establish political dominance over member countries
#4
Which of the following is an example of a common market?
European Union
ASEAN (Association of Southeast Asian Nations)
NAFTA (North American Free Trade Agreement)
MERCOSUR (Southern Common Market)
#5
What is the term used to describe a situation where a country's currency is pegged to another currency?
Floating exchange rate
Fixed exchange rate
Flexible exchange rate
Stable exchange rate
#6
Which of the following trade blocs is primarily focused on political and economic cooperation in the Asia-Pacific region?
#7
Which of the following is NOT a stage of economic integration?
Customs Union
Free Trade Area
Monetary Union
Fiscal Disunion
#8
What is the main difference between economic integration and national unification?
Economic integration focuses on political unity, while national unification focuses on economic cooperation.
Economic integration aims to integrate economies for mutual benefit, while national unification aims to unite countries into a single nation-state.
Economic integration refers to the merging of currencies, while national unification refers to the establishment of trade agreements.
Economic integration promotes isolationism, while national unification promotes globalization.
#9
What is the term for the elimination of all barriers to trade between member countries?
Customs Union
Free Trade Area
Economic Union
Common Market
#10
Which economic integration level involves the coordination of economic policies among member countries?
Customs Union
Monetary Union
Free Trade Area
Common Market
#11
What is the name of the treaty that established the European Union?
Maastricht Treaty
Rome Treaty
Lisbon Treaty
Amsterdam Treaty
#12
Which of the following countries is part of the Schengen Area but not a member of the European Union?
#13
Which country is not a member of the European Union as of 2022?
Germany
France
United Kingdom
Norway
#14
Which of the following is NOT a criteria for joining the Eurozone?
Maintaining low inflation rates
Meeting certain fiscal criteria
Having a stable exchange rate with the euro
Maintaining a large budget deficit
#15
What is the term for a situation where two or more countries adopt a common currency?
Monetary union
Customs union
Free trade area
Common market
#16
Which economic integration level involves the harmonization of fiscal policies among member countries?
Customs Union
Monetary Union
Free Trade Area
Common Market
#17
Which economic integration level involves a common external trade policy among member countries?
Customs Union
Monetary Union
Free Trade Area
Common Market