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55 Cards in this Set

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