The other terms used todescribe regional economic integration

a.Islamic Ummah Brotherhood of the Muslim Countries

b.Warsaw Military Alliance

c.Eastern Communist Bloc of Eastern Europe

d.Trading bloc or common market

This economic theory highlights that the newlocalindustriesin developing countries, particularly businesses with indigenous ornative productsand labor like the small and medium economies(SMEs) should be protected against highly competitive pressures of richand developedrival large multinational and transnational corporationswith high technological progress

a.Infant-Industry Theory

b.Gold Bulionism

c.Third World Debt Crisis

d.British Exit

When a joining country for regional economic integration is signing a treaty for thefirst stepof integration which is thefree trade zone, it has toeliminate trade barrierslike quota and tariff for its fellow member countries. Whateconomic policy requires joining member countries for regional economic integration should adopt?

a.Liberalization of Trade

b.Totalitarian government

c.State Capitalism run by crony

d.National Socialism

Which economic policy will furtherstrengthen the common market and the higher economic and political integration of member countries of the regional economic integration intoliquidity, buying and selling market equilibriumand price stabilityfor the producers and consumers?

a.Single Currency

b.Hoarding of Gold by the Central Bank

c.Silver metal and gold components of money to balance its value

d.Government price controls of the market and awarding business contracts only to crony

It is a field in the study of the contemporary world that deals with study of the relationships andforeign policies among the 195 sovereign nation-states, intergovernmental organizations (IGOs), international non-governmental organizations (INGOs) and multinational corporations (MNCs).

a.Financial Management

b.International Relations

c.Demography

d.Marketing

When a joining country signed for regional economic integration, it has to establish afiscal discipline or austerity measures of government budgetby letting the free market and private corporate enterprises take the productions and consumption of the country,grants more power to the private sector in a joint venture with foreign transnational corporationsandsell government assets and agenciesto the private sector. This neoliberalist economic policy for regional economic integration refers to

a.Border Controls and Central Planing of government Bureaus

b.Monopoly and cartel

c.Privatization and Deregulation

d.Nationalism and Protectionism

An entity known as large enterprises thatundertakes foreign direct investments by owning or controlling shares of stocks and other assets, produces goods or services outside its country of origin to foreign countrieslike the third world countries.

a.Domestic Enterprises

b.Protected Markets

c.Transnational Corporations

d.Infant industry

What would be the consequence for the country seeking regional economic integration if itwould not be able to solve disequilibriumin its market such asshortage and surplus creating price instability?

a.Inflation and Deflation

b.Regulations and protections

c.Gold and silver reserves accumulation

d.Democracy and Communism

It isbudget cutting approachin the production of goods and servicesby transnational corporationswhere the productions of products and services areshifted and subcontractedto low wage and low taxes countryweathernearby, distant or within its country to a provincewith cheaper productions.

a.Nearshoring, Offshoring and self-management large costly bureaucracy of the large corporations

b.Nearshoring, Slave trade and Onshoring

c.Nearshoring, Offshoring and Onshoring

d.Mercantilism trade, Offshoring and Onshoring

This economic problem thatshocked Europe in 1919-1923, and subsequently motivated them for the European Union as their regional economic integration, in which the German currency devaluated massivelydue high prices of products,Downfall of the German government which is Weimar Republicafter World War I in 1919 andintensive political instabilityacross Europe. What situation in the economy wheremoney as a medium of exchange cannot buy productsbecause of political instability?

a.Market Equilibrium

b.Peak Growth period

c.Economies of Scale

d.Hyperinflation

It is a major trend thatbadly shocked the European countries as former colonizersof Third World countries whentheir former colonies dissolved these European colonialgovernmentsin their respective countries and established anindependent and sovereign government through revolutionary armedstrugglefrom 1945 Post Japanese warin1980.

a.Imperialism

b.Mercantilism

c.Decolonization

d.Neoliberalism

If a country isjoining regional economic integration, it has to adopt and commitfree market economy, deregulation and privatizationof government agencies,mining, natural resources, oil drilling and large businessesinjoint ventures with foreign direct investments of transnational corporations. This economic policy ofprivatization, deregulation and import liberalizationis called

a.Totalitarian Government

b.Centrally Planned Economy

c.Command Economy

d.Neoliberalism

It is an economic policyopposite to neoliberalism and free tradewhere countries are dividedbetween colonial master and colonies, which are under the arrangement of trade, thecolonial masters like Britain and Francesent itsbusinessmen to the colonized countries to organize exports of cheap raw materials to the colonial master and controls the import of colonies to buy expensive finished products for the colonial master, andthusconserve gold reserves

a.Liberalism

b.Free Market Economy

c.Neoliberalism

d.Mercantilism

The manner in whichTransnational corporations with joint venture to local businessmen have acquiredfinancial assets likea shareof stocks and controlling productions of local businessesusing its foreign brand name.

a.Domestic Enterprises

b.Infant Industry

c.Indigenous local industries

d.Foreign Direct Investments