Question

19. Two main threats to regional economic integration are A. the within-group business environment will become more competitive; firms outside the trading bloc are effectively locked-out of the single market. B. the costs of doing business outweigh benefits; concerns over sabotage exist. C. the growth of mergers within the single market; concerns over national sovereignty D. MNEs are exerting huge power, concerns over the Euro currency 20. The least integrated or shallowest form of economic integration is known as: A. a Free Trade Area. B. a Customs Union. C. a Common Market. D. an Economic Union 21. The economic case for integration is: A. bilateral and multilateral country agreements B. linking neighbouring economies and dependency on each other C. free trade and investment. D. to eliminate 'winners' and 'losers 22. Host governments use a wide range of controls to restrict FDI in all but one of the following: A. establishment and entry B. ownership and control C. performance and procedural restrictions. D. profiteering and dumping. 23. Host governments worry that FDI is accompanied by some loss of economic independence Their fear is attributed to: A. protectionism, tariffs and subsidies. B. quotas, dumping and government capture. C. export processing zones, rules of origin and quota rent. D. transfer pricing, repatriation of funds and national sovereignty 24. The governments shoul A. mature B. declining C. infant D. established industry argument for government intervention contends that d temporarily support new industries. 25. The General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) were successful in but there has been A. raising: no B. stopping: significant C. enabling: disappointing D. lowering: ittle tariff barriers on manufactured goods and commodities, progress on agricultural trade and FDI liberalisation.

Just solve question number 19 & 25 please

Answer 1

19) Answer: A

The wothiw group business environment will become competitive and firms outside the trading block are effectively locked out in single market.

Competition will be increased with the firms in the trade bloc to gain upper hand in the market. So no firm will gain profit.

Firms may be limited in their ability as they won't have the choice to enter new markets and the firms outside the block will not be able to enter this market so they are locked out of this market .

25) GATT is predecessor of the WTO which helps in trading between countries. WTO have acheiach free trade between member countries or make them lower their tariff barriers which will be beneficial for the countries which exports and imports goods. The only thing it is still trying to achieve is agriculture trade where a little progress is seen in the past few years and it is taking necessary steps to promote agricultural trade.

Answer: lowering, little.