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.

19 and 24 please

Answer 1

19) Answer: the within the group business will become more. competitive and firms outside the trade bloc are effectively locked out of single market.

With in the group business will become more competitive because they want to earn profits, so they will try to capture the market the same will be done by other companies. So there will tough competition in the market from within the group business which makes them to incur losses.

Firms which are outside the trade bloc may not be able to enter the market which is like a lockout for them from that single market.

24) Answer: Infant

Infant industries are the new industries in the market which are struggling and facing difficulty to compete with established firms. So they want the government to intervene in between and support them.