
GPN 61 Trade Blocs HL
Authored by Sophie Sparks
Geography
12th Grade
Used 1+ times

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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a trade bloc?
A group of countries that block trade with each other
A group of countries that agree on policies to reduce trade barriers
A type of economic sanction
A military alliance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most basic form of trade bloc?
Free Trade Area
Economic Union
Customs Union
Common Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do Free Trade Areas agree to abolish?
Foreign investments
Labor laws
Import quotas and tariffs
Export taxes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Customs Union?
A trade bloc that restricts immigration
A trade bloc that only allows certain goods
A trade bloc with a common external tariff
A trade bloc with no tariffs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential downside of Free Trade Areas?
Higher prices for consumers
Less employment opportunities
Increased tariffs on imports
Political challenges in reducing imports from outside the bloc
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a Common Market allow in addition to free movement of goods?
Free movement of tariffs
Free movement of ideas only
Free movement of military forces
Free movement of people and capital
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an Economic Union?
A union that focuses solely on trade
A union with shared policies beyond economics
A union that restricts trade
A union that only includes developed countries
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