Why is it important for businesses and customers to consider all potential outcomes of Brexit?
How Will Trade Work After a No Deal Brexit? - Brexit Explained

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•
Social Studies, Business
•
11th Grade - University
•
Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To maintain the current trade agreements
To ensure a smooth transition to the new reality
To avoid any changes in trade policies
To increase the import of goods from the EU
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current status of UK exports to the EU under the single market?
They are subject to customs duties
They travel freely without tariffs
They require import declarations
They are treated as third country goods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will happen to UK goods if the UK leaves the EU without a deal?
They will continue to have preferential rates
They will be treated as third country goods
They will be exempt from customs duties
They will have free access to the EU market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What power does the Cross Border Trade Bill give to HM Treasury?
To maintain the EU common customs tariff
To exempt UK goods from EU tariffs
To establish a new UK trade tariff
To negotiate new trade agreements with the EU
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will businesses need to do in a no-deal Brexit scenario?
Comply with new customs procedures
Ignore the changes in trade policies
Continue trading under the same conditions
Pay reduced duties on exports
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