Regional Integration Quiz

4. Corporation: A company that operates in multiple countries, often with subsidiaries, and manages business operations globally.
7. A treaty between two parties or countries, typically covering trade or diplomatic matters.
8. Basic physical and organizational structures and facilities needed for the operation of a society, such as transportation, communication, and power systems.
9. Integration: The process by which countries reduce trade barriers and coordinate economic policies to promote closer economic cooperation and growth.
10. Groups of countries that have agreed to reduce trade barriers and increase trade among themselves, such as the European Union or NAFTA.
13. Liberalization: The removal or reduction of trade barriers, such as tariffs and quotas, to encourage free trade between countries.

1. The focus on regional cooperation and integration among countries within a particular geographical area.
2. A type of common market where all member countries adopt uniform policies to ensure seamless integration of their economies, such as the European Union.
3. Economy: A unified economy where there is little to no distinction between different regions or countries' economies, often resulting from extensive economic integration.
5. The increasing interconnectedness of economies, cultures, and societies, driven by international trade, investment, and technology.
6. A treaty between three or more parties or countries, often involving broader cooperation on various issues like trade, security, or environmental protection.
11. A group of countries that have removed trade barriers between them and allow the free movement of goods, services, capital, and labor.
12. State: A sovereign country with full control over its territory, government, and laws, free from external control.