Quiz
Trading blocs questions
Questions in this quiz (7)
1In a free trade area there is....
- ANo internal trade barriers
- BA common external tariff
- CFactor and asset mobility
- DCommon currency
- ECommon economic policy
2In a single market there is...
- ANo internal trade barriers
- BA common external tariff
- CFactor and asset mobility
- DCommon currency
- ECommon economic policy
3What is present in a single market but not a customs union?
- AFactor asset mobility
- BCommon external tariff
- CCommon economic policy
4Poorer countries that are members of the EU, such as Romania and Bulgaria, pay less into the EU budget compared to countries with a higher level of GDP (e.g. France and Germany)
- ATrue
- BFalse
5The ASEAN (Association of South-East Asian Nations) is an example of an example of a single market
- ATrue
- BFalse
6Which of these is NOT one of the four key-freedoms of the EU?
- AFree trade in goods
- BMobility of labour
- CFree movement of capital
- DFree trade in services
- EIdentical product standards
7Which one of these are NOT a convergence criteria to join the euro
- ARelatively similar inflation rates (+/- 1.5 than current members)
- BRelative stable exchange rate
- CSound government finances (not more than 60% of GDP, 3% of annual GDP)
- DInterest rate convergence (not more than 2% higher than members)
- ETrend growth of GDP (no more than a 5% difference in GDP)
Information
- Description
- Quiz on Trading blocs questions, created by Hannah Nad on 18/01/2017.
- Author
- Hannah Nad
- Language
- English
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- 366
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