Trade Agreements (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
How many regional trade agreements were registered with the WTO in 2023 compared to 1990?
How many regional trade agreements were registered with the WTO in 2023 compared to 1990?
27 in 1990, 585 in 2023
What is a bilateral trade agreement?
What is a bilateral trade agreement?
An agreement between two countries
Which trade agreement is the world's largest by share of global economy?
Which trade agreement is the world's largest by share of global economy?
RCEP
What principle does APEC operate on regarding trade with non-member countries?
What principle does APEC operate on regarding trade with non-member countries?
Non-discriminatory arrangements
What proportion of the EU's total budget does the Common Agricultural Policy absorb?
What proportion of the EU's total budget does the Common Agricultural Policy absorb?
Around one-third
What is trade diversion?
What is trade diversion?
Switching from efficient to less efficient
What percentage of tariffs was the TPP-11 designed to lower within the free trade area?
What percentage of tariffs was the TPP-11 designed to lower within the free trade area?
Over 98 per cent
What proportion of ASEAN trade is conducted with countries outside their region?
What proportion of ASEAN trade is conducted with countries outside their region?
Approximately three-quarters
What GDP increase does the UK estimate from the Australia-UK FTA by 2035?
What GDP increase does the UK estimate from the Australia-UK FTA by 2035?
0.08 per cent per year
How many countries are members of AfCFTA, making it the largest by member count?
How many countries are members of AfCFTA, making it the largest by member count?
55 countries