1. Whether entrepreneurship is encouraged or discouraged depends on formal institutions affecting entrepreneurs and start-up enterprises. true or flase

2. Countries benefit from global economic integration politically and economically. Which of the following is an example of a political benefit?

1. Promoting peace by promoting trade and investment

2. Promoting peace and building confidence

3. Stimulating economic growth and raising income

4. Building confidence in a multilateral trading system

3.Which one of the following was NOT part of the agenda of the Doha round?

1. Strengthening intellectual property protection

2. Slashing tariffs in the industries that developing countries might benefit from

3. Freeing up trade in services

4. Reducing agricultural subsidies in developing countries

4.EU can be best described as the United States of Europe.

1. False

2. True

5.Which of the following is NOT a benefit of adopting the euro?

1. Reducing currency conversion costs

2. Imposing monetary discipline on governments

3. Limiting the flexibility in fiscal policy

4. Facilitating direct price comparison.