Business Strategies in Regional Integration Context Quiz
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Questions and Answers

Which economic bloc in South America is considered the leading one, accounting for nearly all of the region's GDP?

  • ASEAN
  • MERCOSUR (correct)
  • CARICOM
  • CAN
  • Which of the following is NOT a full member of MERCOSUR?

  • Chile (correct)
  • Brazil
  • Uruguay
  • Argentina
  • What does MERCOSUR provide in terms of trade policies among its member countries?

  • Common external tariff (correct)
  • Unrestricted trade barriers
  • Open border policy
  • Exclusive trade deals with non-member countries
  • Which of the following countries is NOT part of the Association of Southeast Asian Nations (ASEAN)?

    <p>China</p> Signup and view all the answers

    What is one implication of regional integration for firms operating within an economic bloc?

    <p>Rationalization of operations and restructuring</p> Signup and view all the answers

    Which economic bloc includes Australia and New Zealand in its partnership?

    <p>CER</p> Signup and view all the answers

    What key aspect does MERCOSUR provide to its members regarding intellectual property rights?

    <p>Uniform intellectual property rights standards</p> Signup and view all the answers

    Which country is NOT a member of the Caribbean Community and Common Market (CARICOM)?

    <p>Peru</p> Signup and view all the answers

    What is a common feature among MERCOSUR, CARICOM, and ASEAN?

    <p>Free movement of products and services</p> Signup and view all the answers

    Which economic bloc may be integrated with NAFTA and DR-CAFTA as part of a proposed Free Trade Area of the Americas?

    <p>MERCOSUR</p> Signup and view all the answers

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