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Europe: Competition or Cooperation?
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Overview
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Background information8 Topics
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Endnotes
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Glossary1 Topic
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References
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Interactive learningDeepen your knowledge1 Quiz
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Training materialExercises for group activities2 Topics
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Question 1 of 20
1. Question
Cooperation can be understood as joint production (activity) or consumption by a group of people for their …. benefit.
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Question 2 of 20
2. Question
Competition is based on … efforts to achieve a goal.
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Question 3 of 20
3. Question
Competition and cooperation … polar opposites.
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Question 4 of 20
4. Question
If acted in unethical or illegal way competition and cooperation are both … .
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Question 5 of 20
5. Question
Markets are a blend of competition and cooperation which are both … for societal development.
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Question 6 of 20
6. Question
International trade is about purchasing, selling or exchanging of goods and services … national borders.
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Question 7 of 20
7. Question
Countries involved in international trade can … substantially from cooperation.
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Question 8 of 20
8. Question
Wealth could be acquired, if the country runs a … balance of trade, that is, if the country export is bigger than import.
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Question 9 of 20
9. Question
Through innovation and knowledge spillovers trade … productivity rise.
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Question 10 of 20
10. Question
The theory of absolute advantage holds that different countries can produce some goods more efficiently than others, thus global efficiency can be … through free trade.
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Question 11 of 20
11. Question
According to the theory of comparative advantage there may still be global efficiency from trade if a country specializes in those products that it can produce more efficiently than other products … regard to absolute advantage.
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Question 12 of 20
12. Question
International trade is a positive-sum game (win-win situation), because any country can export the goods in which it has the … relative productivity and in exchange receive goods which domestically are … expensive to produce.
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Question 13 of 20
13. Question
… by an industry can increase its productivity as a result of learning-by-doing, economies of scale, or other factors.
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Question 14 of 20
14. Question
The free movement and exchange of goods was one of the … reasons to establish the European Union.
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Question 15 of 20
15. Question
Introduction of a common European competition policy enabled … competition among the member states.
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Question 16 of 20
16. Question
Companies within the European Union market can compete on the basis of their real comparative advantages … being protected by discriminating barriers to trade.
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Question 17 of 20
17. Question
The aim of the EU competition policy is to safeguard the correct functioning of the … .
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Question 18 of 20
18. Question
Setting the EU’s common trade policy and tariffs enables … between nations.
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Question 19 of 20
19. Question
One of the main arguments … free trade is that, the gains and pains of trade are spread unevenly among citizens and between industries.
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Question 20 of 20
20. Question
To assess to what extent any … is engaged in international trade or in other words how open its economy is, one can use a ratio of export value (or sum of export and import) to GDP.
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