Blocos Econômicos Flashcards
What are economic blocs?
Economic blocs are groups of countries that work together to promote trade and economic cooperation among themselves.
What is the purpose of economic blocs?
The purpose of economic blocs is to reduce trade barriers, increase economic efficiency, and foster economic growth among member countries.
Name a prominent economic bloc in Europe.
The European Union (EU) is a prominent economic bloc in Europe.
True or False: Economic blocs can lead to increased trade between member countries.
True
What is a common trade policy within economic blocs?
A common trade policy within economic blocs involves reducing or eliminating tariffs and quotas on trade between member countries.
What is the purpose of a customs union within an economic bloc?
The purpose of a customs union within an economic bloc is to have a common external tariff on imports from non-member countries.
What is a key feature of a common market within an economic bloc?
A key feature of a common market within an economic bloc is the free movement of goods, services, capital, and labor among member countries.
Which economic bloc includes countries like the United States, Canada, and Mexico?
The North American Free Trade Agreement (NAFTA) includes countries like the United States, Canada, and Mexico.
What is the purpose of a currency union within an economic bloc?
The purpose of a currency union within an economic bloc is to adopt a common currency among member countries for easier trade and economic transactions.
Name an economic bloc in Asia that promotes regional economic integration.
The Association of Southeast Asian Nations (ASEAN) is an economic bloc in Asia that promotes regional economic integration.
What are the potential benefits of joining an economic bloc for a country?
Potential benefits of joining an economic bloc for a country include increased trade opportunities, economic growth, and access to a larger market.
Which economic bloc is known for its focus on environmental sustainability and social development?
The Pacific Alliance is known for its focus on environmental sustainability and social development.
True or False: Economic blocs can lead to increased competition among member countries.
True
What is a key challenge of economic blocs?
A key challenge of economic blocs is balancing the interests of member countries with the need for collective decision-making.
What is the primary goal of the Southern African Development Community (SADC)?
The primary goal of the Southern African Development Community (SADC) is to promote economic development and regional integration in Southern Africa.