Regional Integration: Definition, Influence & Purpose

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is an exchange rate?

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1. What is a tariff?

2. If 35 Euros buys 70 US dollars, what is the exchange rate from dollars to Euros?

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About This Quiz & Worksheet

Test your ability to identify characteristics of regional integration in this quiz/worksheet combo. In order to pass the quiz, you will need to know about tariffs and exchange rates.

Quiz & Worksheet Goals

This quiz and worksheet can help assess your understanding of:

  • Exchange rates and tariffs
  • An example of regional integration
  • Definition of regional integration

Skills Practiced

  • Knowledge application - use what you've learned to identify the regional intergration to which the US belongs
  • Reading comprehension - ensure that you draw the most important information from the related economics lesson
  • Interpreting information - verify that you can read information regarding regional integration and interpret it correctly

Additional Learning

To learn more, review the corresponding lesson titled Regional Integration: Definition, Influence & Purpose. This lesson covers the following objectives:

  • Review the basics of international trade
  • Determine the principles behind exchange rate
  • Identify characteristics of regional integration
  • Learn about the purposes of tariffs
  • Review how managers use integration
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