Economic Integration Quiz
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Questions and Answers

What is economic integration?

  • The establishment of a single global currency for all countries
  • The process of reducing unemployment within a country
  • The implementation of strict immigration policies to protect domestic labor market
  • The elimination of trade barriers and coordination of economic policies among countries (correct)

    • Which of the following is a common objective of economic integration?

  • Isolating domestic markets from international competition
  • Imposing strict regulations on foreign investment
  • Increasing trade barriers and tariffs
  • Enhancing economic efficiency and competitiveness (correct)

    • What is a potential benefit of economic integration?

  • Rising trade barriers and protectionism
  • Decreased cooperation among member countries
  • Stagnation of technological advancements
  • Increased foreign direct investment (FDI) (correct)

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