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1. The movement toward regional economic integration Europe
has been most successful in ____.
2. A(n) ____ has no barriers to trade between member common market
countries, includes a common external trade policy,
and allows factors of production to move freely be-
tween members.
3. A(n) ___ entails even closer economic integration and economic union
cooperation than a common market.
4. Linking neighboring countries economically and mak- creates incentives to in-
ing them interdependent: crease political coopera-
tion as well.
5. The ____ is primarily a consultative rather than legisla- European Parliament
tive body.
6. Three long-term EU members, Great Britain, ________, Denmark
and Sweden, have not adopted the euro.
7. The ____ was established to increase multinational co- Asia-Pacific Economic Co-
operation in view of the economic rise of the Pacific operation
nations and the growing interdependence within a re-
gion.
8. The emerging role of the ________ in competition policy European Commission
suggests the EU is increasingly willing and able to in-
tervene and impose conditions on companies propos-
ing mergers and acquisitions.
9. Country X and Country Y reach an agreement to boost A free trade area
bilateral trade. They agree to remove all barriers to the
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