2.Even though the UN is best known for peacekeeping missions it has many agencies involved in activities affecting businesses. Do these activities justify support for the UN? Would it be better if the activities of these agencies were done by private entities such as trade groups? 3.How did the WTO come into existence? What purpose does it serve? Would bilateral trading agreements work better than the multilateral WTO approach? 4.What are the four main institutions of the EU? What is the purpose of each institution? 5.How does the EU affect businesses? Should the EU have more power over business regulation than the national governments? European Union is increasingly making its presence known in the world business community. A significant number of EU regulations actually have an impact in the United States and elsewhere because of the EU and the importance of the EU as a trading partner. Should the EU have more power than national governments? 6.The U.S. Congress approved the North American Free Trade Agreement despite strong opposition from organized labor. What motivated labor?s stand? Have labor?s forecasts turned out to be correct? 7.What is the importance of the OECD for business and students? 8.There are only three nations in the world that are not members of some sort of economic integration agreement. Why might this be the case? 9.Mercosur?s major trading partner is the EU rather than the United States. Why might this be the case? 10.How might the small businessperson in Des Moines Iowa exporting agricultural products find the international institutions and agreements that this chapter describes useful?