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Regional economic integration Flashcards | StudBud
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Regional economic integration
Regional economic integration
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StudBud Administration
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Principles of #international-business quiz about the levels of economic integration and its debate
Flashcards
7 cards
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Questions
7
Answers
1
What is one regional trading bloc the United States is involved in?
Asia Pacific economic cooperation
African union
Association of southeast Asia nations
Gulf cooperation council
2
What is the increase in the level of trade between nations?
Trade creation
Political cooperation
Trade diversion
Regional integration
3
What is the EU plan that established its own central bank and currency?
European union
Single european act
European monetary union
United States monetary union
4
What is the process countries use to reduce the international flow of products?
Customs union
Regionalism
Free market
Capitalism
5
The political integration where countries coordinate aspects of their political systems
Integration
Money union
Free trade
Political union
6
What is the lowest level of economic integration?
Capital
Economic union
Common market
Free trade area
7
What market integrates the elements of free trade areas and custom unions?
Free trade area
Trade diversion
Common market
Economy
