What is the main goal of the European Union (EU) economic bloc?
A) Establishing a common currency
B) Promoting political unity
C) Enhancing free trade and economic cooperation
D) Increasing military alliances
Which economic bloc aims to create an integrated regional economy in Southeast Asia?
A) NAFTA
B) ASEAN
C) EU
D) G7
What is the key feature of NAFTA (North American Free Trade Agreement)?
A) Customs union among members
B) Political cooperation
C) Free trade between Canada, Mexico, and the United States
D) Shared currency
Which economic bloc has a common currency, the Euro?
A) NAFTA
B) EU
C) ASEAN
D) EFTA
How many countries are currently members of the European Union (EU)?
A) 25
B) 27
C) 28
D) 30
Which economic bloc was primarily created to support the economic development of Southeast Asian nations?
A) NAFTA
B) EU
C) ASEAN
D) APEC
What is the primary objective of NAFTA?
A) To establish political unity among North American nations
B) To enhance military cooperation among members
C) To reduce trade barriers and increase trade among Canada, Mexico, and the United States
D) To create a common currency
Which economic bloc is known for its policy of promoting regional integration in Europe?
A) ASEAN
B) EU
C) NAFTA
D) MERCOSUR
Which of the following is a key achievement of ASEAN?
A) Common market and a single currency
B) Free movement of people
C) Economic integration and regional trade agreements
D) Shared defense policy
What is the main purpose of the European Central Bank (ECB)?
A) To regulate trade between EU countries
B) To manage the monetary policy of the eurozone
C) To monitor political relations between EU members
D) To oversee fiscal policies of non-EU nations
Which of the following is NOT a member of ASEAN?
A) Vietnam
B) Indonesia
C) India
D) Thailand
What trade agreement replaced NAFTA in 2020?
A) TPP
B) USMCA
C) MERCOSUR
D) EU-Canada Agreement
Which country is the largest economy within the European Union?
A) Italy
B) Germany
C) France
D) Spain
Which of the following economic blocs is known for having a free trade area among the United States, Canada, and Mexico?
A) EU
B) ASEAN
C) NAFTA
D) Mercosur
What is the purpose of the ASEAN Economic Community (AEC)?
A) To establish a single currency
B) To strengthen political ties
C) To create a single market and production base in Southeast Asia
D) To reduce military tensions in Southeast Asia
Which economic bloc is responsible for the creation of the European Economic Area (EEA)?
A) NAFTA
B) EU
C) ASEAN
D) EFTA
How many countries are part of ASEAN?
A) 10
B) 12
C) 15
D) 20
What is the main purpose of the European Union’s Common Agricultural Policy (CAP)?
A) To regulate fishing industry practices
B) To subsidize and support European farmers
C) To facilitate trade with non-EU countries
D) To ensure food safety
Which economic bloc is known for its political and economic cooperation, including a shared currency, the euro?
A) ASEAN
B) EU
C) NAFTA
D) Mercosur
Which of the following is an economic goal of the ASEAN Economic Community?
A) Creating a common currency
B) Eliminating all borders for trade
C) Establishing a single market and production base
D) Promoting the use of renewable energy sources
Which economic bloc’s countries collectively represent the third-largest global economy by nominal GDP?
A) EU
B) ASEAN
C) NAFTA
D) BRICS
What does the term “Brexit” refer to?
A) Economic integration between Britain and the EU
B) The UK leaving the European Union
C) The expansion of the EU
D) Trade agreements between the UK and ASEAN
What is the role of the NAFTA Tribunal?
A) To promote cultural exchanges
B) To resolve trade disputes between the member countries
C) To introduce new policies for agriculture
D) To regulate tariffs in the EU
Which of the following is a challenge for ASEAN members?
A) Common defense policies
B) Political differences and inequality
C) Shared currency adoption
D) High unemployment rates
Which of the following trade agreements was a precursor to NAFTA?
A) GATT
B) The European Economic Area
C) The Canada-United States Free Trade Agreement
D) Trans-Pacific Partnership
What is the primary focus of ASEAN’s political-security community?
A) Promoting democracy in Southeast Asia
B) Coordinating defense policies
C) Ensuring free trade agreements
D) Reducing regional conflicts
What does “EU enlargement” refer to?
A) Expanding the number of countries using the euro
B) The process of new countries joining the EU
C) Increasing military alliances in Europe
D) Growing the trade volume within EU borders
Which bloc’s primary focus is the development of infrastructure and technology in member countries?
A) EU
B) ASEAN
C) NAFTA
D) MERCOSUR
Which of the following is a key feature of the EU’s Common Market?
A) Harmonized tax rates
B) Free movement of goods, services, capital, and labor
C) Shared currency among all members
D) A single foreign policy
