Cloze Test – Test 92

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

Bilateralism is the conduct of political, economic, or cultural relations between (21) sovereign states. It is in contrast to unilateralism or multilateralism, which is activity by a single state or jointly by multiple states, respectively. When states recognize one another as sovereign states and agree to develop diplomatic relations, they exchange diplomatic agents such as ambassadors to (22) dialogues and cooperations that will be exchanged. It is an agreement that is affecting or undertaken by two parties; a mutual agreement. Economic agreements, such as free trade agreements (FTA) or Foreign direct investment (FDI), signed by two states, are a common example of bilateralism. Since most economic agreements are signed according to the specific characteristics of the contracting countries to give preferential treatment to (23)other, not a generalized principle but a situational differentiation is needed. Thus through bilateralism, states can obtain more tailored agreements and obligations that only apply to particular contracting states. However, the states will (24) a trade-off because it is more wasteful in transaction costs than the multilateral strategy. In a bilateral strategy, a new contract has to be negotiated for each participant. So it tends to be preferred when transaction costs are low and the member surplus, which corresponds to "producer surplus" in economic terms, is high. Moreover, this will be effective if an influential state wants control (25) small states from a liberalism perspective, because building a series of bilateral arrangements with small states can increase a state's influence.

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

Bilateralism is the conduct of political, economic, or cultural relations between (21) sovereign states. It is in contrast to unilateralism or multilateralism, which is activity by a single state or jointly by multiple states, respectively. When states recognize one another as sovereign states and agree to develop diplomatic relations, they exchange diplomatic agents such as ambassadors to (22) dialogues and cooperations that will be exchanged. It is an agreement that is affecting or undertaken by two parties; a mutual agreement. Economic agreements, such as free trade agreements (FTA) or Foreign direct investment (FDI), signed by two states, are a common example of bilateralism. Since most economic agreements are signed according to the specific characteristics of the contracting countries to give preferential treatment to (23)other, not a generalized principle but a situational differentiation is needed. Thus through bilateralism, states can obtain more tailored agreements and obligations that only apply to particular contracting states. However, the states will (24) a trade-off because it is more wasteful in transaction costs than the multilateral strategy. In a bilateral strategy, a new contract has to be negotiated for each participant. So it tends to be preferred when transaction costs are low and the member surplus, which corresponds to "producer surplus" in economic terms, is high. Moreover, this will be effective if an influential state wants control (25) small states from a liberalism perspective, because building a series of bilateral arrangements with small states can increase a state's influence.

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

Bilateralism is the conduct of political, economic, or cultural relations between (21) sovereign states. It is in contrast to unilateralism or multilateralism, which is activity by a single state or jointly by multiple states, respectively. When states recognize one another as sovereign states and agree to develop diplomatic relations, they exchange diplomatic agents such as ambassadors to (22) dialogues and cooperations that will be exchanged. It is an agreement that is affecting or undertaken by two parties; a mutual agreement. Economic agreements, such as free trade agreements (FTA) or Foreign direct investment (FDI), signed by two states, are a common example of bilateralism. Since most economic agreements are signed according to the specific characteristics of the contracting countries to give preferential treatment to (23)other, not a generalized principle but a situational differentiation is needed. Thus through bilateralism, states can obtain more tailored agreements and obligations that only apply to particular contracting states. However, the states will (24) a trade-off because it is more wasteful in transaction costs than the multilateral strategy. In a bilateral strategy, a new contract has to be negotiated for each participant. So it tends to be preferred when transaction costs are low and the member surplus, which corresponds to "producer surplus" in economic terms, is high. Moreover, this will be effective if an influential state wants control (25) small states from a liberalism perspective, because building a series of bilateral arrangements with small states can increase a state's influence.