Question 31) The single European Union currency is called the ________.

31) The single European Union currency is called the ________.

A) krone

B) krona

C) pound

D) euro

32) Which of the following countries is a member of the European Union?

A) Ireland

B) Iceland

C) Norway

D) Switzerland

33) The North American Free Trade Agreement includes ________.

A) Mexico, Canada, and the United States

B) Canada, Mexico, and Costa Rica

C) the United States, Canada, and Honduras

D) Columbia, Mexico, and the United Sates

34) Which of the following is currently under negotiation by 34 countries in the Western Hemisphere?

A) African Union

B) Free Trade Area of the Americas

C) Mercosur

D) African Community

35) The Association of Southeast Asian Nations is a trading alliance of ________.

A) eight Southeast Asian nations and Japan

B) eight Southeast Asian nations

C) ten Southeast Asian nations

D) ten Southeast Asian nations and China

36) Which of the following is a member of the Association of Southeast Asian Nations?

A) China

B) Japan

C) South Korea

D) Myanmar

37) How many members does The African Union have?

A) 78

B) 53

C) 64

D) 49

38) Nepal belongs to which of the following regional trade alliances?

A) Asia-Pacific Economic Cooperation

B) South Asian Association for Regional Cooperation

C) Common Wealth of Independent States

D) Association of Southeast Asian Nations

39) The World Trade Organization was formed in the year ________.

A) 1995

B) 1967

C) 1971

D) 1983

40) The World Trade Organization evolved from which of the following?

A) Mercosur

B) General Agreement on Tariffs and Trade

C) Truman Doctrine

D) Marshall Plan

41) The World Trade Organization has ________ member countries and ________ observer governments.

A) 176; 50

B) 188; 60

C) 153; 30

D) 161; 40

42) The International Monetary Fund is an organization of ________ countries that promotes international monetary cooperation and provides member countries with policy advice, temporary loans, and technical assistance to establish and maintain financial stability and to strengthen economies.

A) 193

B) 172

C) 160

D) 185

43) The ________ is a group of five closely associated institutions, all owned by its member countries, that provides vital financial and technical assistance to developing countries around the world.

A) International Chamber of Commerce

B) World Bank Group

C) Organization for Economic Cooperation and Development

D) World Economic Forum

44) The forerunner of the Organization for Economic Cooperation and Development was the ________ that was formed in 1947 to administer American and Canadian aid under the Marshall Plan for the reconstruction of Europe after World War II.

A) Organization of European States

B) Organizational Council of Europe

C) Organization for European Economic Cooperation

D) Organization for European Investment

45) The ________ is a Paris-based international economic organization whose mission is to help its 30 member countries achieve sustainable economic growth and employment and raise the standard of living in member countries while maintaining financial stability in order to contribute to the development of the world economy.

A) Organization for European Economic Cooperation

B) Organizational Council of Europe

C) Organization of European States

D) Organization for Economic Cooperation and Development

46) According to the text, which of the following is a typical definition of a multinational corporation?

A) It is a company that maintains operations in multiple countries.

B) It is a company that maintains franchises in multiple countries.

C) It is a company that has multiple home bases and manufacturing plants.

D) It is a company that pays corporate taxes in at least two countries.

47) The ________ decentralizes its management and other decisions to the local country.

A) multidomestic corporation

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