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1. The European Union (EU) is the name given to the former European Community, since the ratification, in November 1993, of the Maastricht Treaty. It is an economic and political confederation of nations that is responsible for a common foreign and security policy, as well as for cooperation on justice and home affairs. Which of the following lists includes 4 full members of the EU and 1 candidate for membership? |
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| A) Members: Belgium, Greece, Spain and Portugal
Candidate: Estonia |
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B) Members: Cyprus, Finland, Germany and Slovenia
Candidate: Romania |
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C) Members: Austria, France, Romania and Ireland
Candidate: Slovakia |
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D) Members: Denmark, Italy, the United Kingdom and Turkey
Candidate: Lithuania |
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2. The Americas are in the process of ratifying and implementing an agreement called the CAFTA (Central American Free Trade Agreement), despite the fact that it is facing the opposition of certain groups and individuals. Of the following, which best represent the treaty's opposition? |
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| A) American Farm Bureau and President Bush |
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B) US chamber of commerce and the National Council of Textile Organizations |
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C) Venezuelan President Hugo Chavez and the National Farmers Union |
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D) Chairman Greenspan and Costa Rican President Abel Pacheco |
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3. Politicians and economists both observe that there are huge income gaps between the wealthiest and the poorest nations in the world. An interesting way to gain insight on the purchasing power of an average person in a given country is to compare different nations' per capita GDP (gross domestic product divided by population), denominated in purchasing power parity adjusted dollars. Which of the following countries has the highest adjusted per capita GDP? |
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| A) Portugal |
| B) Italy |
| C) Canada |
| D) British Virgin Islands |
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4. Canada and the United States are reputed for being the world's biggest trading partners. In 2004, 23.5% of all U.S. exports of goods, worth approximatively $189,880 million, were destined to Canada. Which of the following best represents the percentage of Canadian goods destined to the United States in 2004? |
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| A) 23.5% |
| B) 35.2% |
| C) 56.9% |
| D) 81.7% |
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