Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / San Francisco State University IBUS 330 International Business: The New Realities, 2e Chapter 9  Regional Economic Integration 1)National economic integration refers to the economic interdependence experienced by closely associated countries that have formed an alliance

San Francisco State University IBUS 330 International Business: The New Realities, 2e Chapter 9  Regional Economic Integration 1)National economic integration refers to the economic interdependence experienced by closely associated countries that have formed an alliance

Business

San Francisco State University

IBUS 330

International Business: The New Realities, 2e

Chapter 9  Regional Economic Integration

1)National economic integration refers to the economic interdependence experienced by closely associated countries that have formed an alliance.

 

 

  1. The European Union, formerly the European Economic Community, is the world's oldest, largest, and most advanced economic bloc.

 

 

  1. Countries in free trade areas only import and export products and services within the regional economic bloc.

 

 

  1. An exporter from Canada would face the same tariff if importing into either Argentina or Brazil.

 

 

  1. In economic unions, member countries often adopt standardized tax rates and exchange rates.

 

 

  1. Belgium, France, Germany, Italy, and Spain signed the Treaty of Rome in 1957, which eventually led to the establishment of the EU.

 

 

  1. The introduction of the euro in 2002 meant that the monetary power of national governments within the EU was taken over by the European Central Bank.

 

  1. Western European members of the EU are expanding their economies at a rate twice as fast as Eastern European members due to the collapse of communism.

 

 

  1. Regional integration enables firms to efficiently utilize labor and resources, which ultimately leads to competitive product pricing.

 

 

  1. Foreign firms typically prefer investing in nations that are not part of economic blocs because of the additional regulations and restrictions.

 

 

  1. The most notable characteristic of economic blocs is that the member countries generally share a similar language and culture.

 

  1. Canadian companies enjoy more trade and investment relationships with U. S. firms than with Mexican firms because of language barriers between Canada and Mexico.

 

 

  1. The term trade creation refers to trade generated between nations of different economic blocs.

 

 

  1. Countries which join economic blocs must sacrifice control of their own economic destiny by submitting to the laws and regulations of the bloc's central authority.

 

 

 

  1. Rationalization after regional integration reduces redundancy in a firm by lowering costs and improving the efficiency of company operations.

 

 

  1. The intended purpose of regional integration is to                            .

 

  1. A formal arrangement between two or more countries to reduce or eliminate tariffs is known as a(n)        .

 

  1. Which of the following terms is used to refer to two or more geographically connected nations in pursuit of freer trade relations?

 

  1. Which of the following organizations exemplifies regional integration?

 

  1. The member nations of NAFTA include which of the following?

 

  1. Which of the following helps foster economic integration on a global scale?

 

  1. Which of the following is favored by the World Trade Organization?

 

  1. Members of                        agree to the tariffs and non-tariff barriers that are applied to imports from nonmember countries.

 

  1. All of the following nations are members of MERCOSUR except                                   .

 

  1. Which of the following is the way in which common markets differ from customs unions?

 

  1. NAFTA is an example of which of the following levels of regional integration?

 

  1. Which of the following is an example of a customs union?

 

  1. Which of the following is an example of a common market?

 

  1. At least some EU countries have established all of the following levels of regional integration except        .

 

  1. Economic unions are characterized by all of the following except                                .

 

  1. Switzerland is a member of which of the following economic blocs?

 

  1. Which of the following has the longest experience with regional integration?

 

  1. Which of the following is responsible for determining the admission of new member countries to the EU?

 

  1. Which of the following industries has experienced rapid expansion in Eastern Europe?

 

  1. What is the most likely reason that some Western European countries are concerned about the addition of Eastern European countries to the EU?

 

  1. Countries such as Poland and Hungary have most likely attracted business investment because of .

 

  1. Which of the following has occurred as a result of NAFTA?

 

 

  1. Associate members of MERCOSUR enjoy which of the following benefits?

 

  1. Which of the following economic blocs will most likely merge with MERCOSUR?

 

  1. All of the following most likely explain the lack of success by economic blocs in Africa except             .

 

  1. All of the following characterize benefits of regional integration to firms except

                     .

 

  1. One of the reasons for the establishment of the European Community was to                             .

 

  1. The success of which of the following blocs was most dependent on a shared language and culture?

 

  1. Economic blocs are more likely to succeed if the member countries have which of the following?

 

  1. Which of the following terms is used to refer to a nation in an economic bloc ceasing to trade with a non-member nation?

 

  1. Canada restricts U.S. film and television producers from investing in the Canadian film market in order to  .

 

  1. Regional integration often forces firms to restructure which may lead to                               .

 

  1. Firms often internationalize within an economic bloc for all of the following reasons except              .

 

 

  1. How does the creation of an economic bloc affect national boundaries?

 

  1. Many European firms gain access to the NAFTA bloc by                                  .

 

 

  1. Which of the following questions would be most important for Bravo managers to evaluate when determining which supplier to use?

 

  1. Which of the following best supports using a supplier from Paraguay over a supplier from Mexico or China?

 

  1. Which of the following should be considered when making the decision to use a MERCOSUR supplier or a non-MERCOSUR supplier?

 

 

  1. Which of the following is most important to consider when making the decision to create an economic bloc comprised of Country A and Country B?

 

  1. Which of the following most supports Country A and Country B becoming an economic bloc?

 

  1. Which of the following would most likely be the greatest obstacle to regional integration

 

between Country A and Country B?

 

 

  1. Which of the following supports Sew-Right internationalizing into Germany instead of Mexico?

 

  1. If Sew-Right decides to open a facility in Germany, which of the following will most likely occur first?

 

  1. A Sew-Right facility in Mexico would most likely lead to which of the following?

 

  1. Which of the following would be the best option for Sew-Right if managers determine the company should be in Mexico but are hesitant about entering an unfamiliar bloc?

 

  1. In a short essay, explain the purpose of regional economic integration. Why has it been a growing trend since World War II? What are the intended results of regional integration?

 

 

  1. In a short essay, explain how custom unions work. What is an example of a customs union? What are some of the difficulties faced by customs unions?

 

 

 

 

  1. In a short essay, discuss the benefits of the worldwide trend toward regional economic integration, and briefly describe the five levels of economic integration.

 

 

  1. In a short essay, explain some of the difficulties involved with the creation of common markets. Provide a specific example to illustrate your explanation.

 

  1. In a short essay, describe three characteristics of the European Union.

 

 

  1. In a short essay, describe the effect of the euro on the EU, consumers, and national governments.

 

  1. In a short essay, describe the four steps taken by the EU in its quest towards becoming an economic union.

 

  1. In a short essay, name the four EU institutions and describe their functions.

 

 

  1. In a short essay, explain how NAFTA has affected Mexico.

 

  1. In a short essay, describe four reasons that nations seek regional integration. Provide an example to illustrate each point.

Answer:

 

  1. In a short essay, describe the differences and similarities between the European Union and the European Free Trade Association, and explain how the EU helps member countries to acquire stronger defensive and political posture.

 

 

 

 

 

 

 

  1. In a short essay, describe the four characteristics typical of successful economic blocs. Which characteristic is considered the most important? Why?

 

 

 

 

  1. In a short essay, explain the difference between trade creation and trade diversion. Create a trade scenario to help illustrate your answer.

 

  1. In a short essay, explain how external trade barriers harm members of an economic bloc.

 

  1. In a short essay, describe customs unions and explain why MERCOSUR is an example of a customs union. How can customs unions potentially reduce global free trade?

 

 

 

 

 

  1. In a short essay, explain how economic blocs might prove detrimental to small firms. Provide an example of an industry or firm that was harmed as a result of regional integration.
  2. In a short essay, explain how the creation of an economic bloc facilitates the rationalization of operations for international firms. Describe how the rationalization of operations can help firms achieve scale economies and enhanced productivity.

 

 

Option 1

Low Cost Option
Download this past answer in few clicks

15.83 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

Related Questions