The International Economy (AQA A-Level Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the main purpose of international economic integration?
What is the main purpose of international economic integration?
To reduce trade barriers & create links
What is a preference area?
What is a preference area?
The most basic integration form
What distinguishes a customs union from a free trade area?
What distinguishes a customs union from a free trade area?
A common external tariff
What is 'tariff shopping' in free trade areas?
What is 'tariff shopping' in free trade areas?
Importing via lowest tariff then re-export
What feature distinguishes common markets from customs unions?
What feature distinguishes common markets from customs unions?
Free mobility of labour & capital
What typically characterizes an economic union?
What typically characterizes an economic union?
Often includes a monetary union
What defines a political union?
What defines a political union?
Members give up some national sovereignty
When was the EU's Common Agricultural Policy established?
When was the EU's Common Agricultural Policy established?
1962
How many EU members had adopted the euro by 2022?
How many EU members had adopted the euro by 2022?
19 of 27
In which area has the WTO been most successful?
In which area has the WTO been most successful?
Reducing tariffs on manufactured goods