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55 Cards in this Set
- Front
- Back
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1. Functionalism is a theory that is supposed to explain:
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why countries give up part of their sovereignty to supranational institutions
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2. _______ Treaty was signed in Rome in 1957.
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The Euratom.
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3. _______ is a static theory.
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Functionalism.
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4. “Spillover” effect is the core concept of:
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Neo-functionalism.
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5. The mechanisms which feed the integration process are:
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Technocratic automaticity, transfer of national allegiances and positive spillover effects.
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6. ______ forged the concept of neo-functionalism.
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Haas.
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7. The spillover effect has no role in the theory of inter-governmentalism.
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True.
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8. In a globalizing world, regionalization reduces the power of bigger states.
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False.
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9. _____ exists in a FTA but not in a CU (customs union)
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Trade deflection.
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10. Peter and Jack are two house builders. They build two kinds of houses: Houses A and Houses B. Peter can build either one A house or one B house a month, and Jack can \build either four A houses or two B houses a month.
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Peter has a comparative advantage in the building of B houses.
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11. A ______ has common external tariffs on imports.
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Customs Union.
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12. The Copenhagen criteria concentrate on:
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country’s democratic institutions.
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13. A working economy and respect of individual rights are required for countries applying to join the EU.
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True.
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14. The last enlargement of the EU took place in:
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2007.
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15. Some non-EU countries in the Balkans:
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have free access to the European Union market for almost all their goods.
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16. The first principle a candidate to the EU must respect is:
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the acceptance of the acquis communautaire.
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19. In figure (1), when the country imposed the tariff on imports, the gain of domestic producers was larger than the loss of domestic consumers.
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False
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20. After joining a FTA, member states with an extreme comparative advantage experience more trade diversion.
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True
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27. According to _____, competition is synonymous with absence of entry barriers on a contestable market.
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W Baumol
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28. Increasing returns to scale can be expressed by decreasing average costs.
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True
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29. A country’s exports and imports of a same category of goods is called “Internal trade”.
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False
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30. The European ________ was agreed on in 1986 and officially achieved in 1992
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Single Market
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31. The German Stock Exchange and the NYSE-Euronext are merging soon
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True
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32. A _________ is a spatial concentration of industries or businesses.
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Cluster
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The gains from economic integration are usually
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external economies of scale, returns to scale and trade creation.
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1. The EU (European Union) was born:
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with the Treaty of Maastricht.
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2. Musgrave divided a government intervention into:
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allocation, contra-cycle and redistributive budgets.
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3. The successive steps of the European construction have been:
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peace keeping, economic efficiency, political unification.
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4. The ECSC:
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means European Coal and Steel Community
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5. Mitrany is the founding father of:
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Functionalism.
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6. The _________ view calls for a federal structure of Europe.
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maximalist.
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7. The EU today has a High Representative of the EU for Foreign Affairs.
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True.
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8. The EU today does not have a President.
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False.
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9. The OEEC:
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was in charge of managing the Marshall Plan.
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10. The ECSC secured the principle of a ________form of organization.
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supranational.
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11. The Treaties of Rome in 1957 created:
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the EEC and the Euratom.
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12. In the 1960’s, _________ blocked the UK’s EEC membership application.
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France.
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13. The goal of one of the treaties of Rome was the establishment of a common market:
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True.
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14. “Deepening, widening, completing” had been issues addressed by the Treaty of Maastricht:
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False
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15. The Irish problem comes from the bail out of Irish banks by the Irish government:
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True.
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16. The Single Economic Market was concerned with removing non-tariff barriers:
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True.
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17. Free circulation of goods, services, capital and labor is not central to the construction of the single market:
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False.
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18. With the Maastricht Treaty, the European Community gave itself the new name of “European Union”:
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True.
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19. The ______ marked a dramatic departure from Intergovernmentalism.
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Single European Act (SEA) in the late 1980’s.
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20. The European Union was composed of _____ pillar(s) before 2009:
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three
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21. The Treaty of Nice:
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prepared the next enlargement of the EU.
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22. Today, many of the __________decisions are adopted under QMV:
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European Council.
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23. ________ lied about its budget deficits for years.
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Greece.
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24. The rescue plan for _______ amounted to €110 bn in early 2010.
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Greece
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25. In May 2010, the EU member states created the _______as a pledge of €750 bn.
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European Financial Stability Facility
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26. In November 2010, British and German banks were still holding almost $300 bn worth of _____ debt.
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Irish.
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27. The ESM (European Stability Mechanism) will get into force in 2013.
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True.
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28. France has recently suggested the Chinese yuan should be included in the basket of the International Monetary Fund's (IMF) Special Drawing Rights (SDRs):
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True
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29. In _____, the EU issued successfully and within minutes its first EU bonds for a total of €40bn:
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January 2011
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30. The biggest economic blocs in the world are called:
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The Triad
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