WorksheetsTrade blocs
Total questions: 15
Worksheet time: 8mins
Which of the following countries make up NAFTA?
United states, Canada, Alaska
United states, Canada, Mexico
United states, Canada, Iceland
United States, Alaska, Mexico
Trading blocs do which of the following?
Allow free movement of goods between member countries
offer economic support to member countries
Allow tax concessions on goods manufactured by member countries
All of the above
Which of these country is NOT a member of ASEAN?
Cambodia
Brunei darussalam
Laos
China
Which of this country exited European Union ?
United States
United kingdom
Greece
Ukraine
Afghanistan joined SAARC in the year
2005
2000
2007
2010
The European Union is one powerful global economic bloc. ASEAN is best described as being:
A free trade zone
A confederation of states
A monetary union
Political union
what is the main reason behind introducing Euro as common currency
Promotes economic sovereignty
Protect business from currency fluctuations
allow free movement of people
None of the above
Which of the following countries is not a member of the EU?
Croatia
Spain
Malta
Turkey
A common or single market will have all of the following features except:
No internal trade barriers
Common external tariff
Factor and asset mobility
A common currency
Which of the options below is the only characteristic of a free trade area?
A common currency
Common economic policy
No internal trade barrier
Common external tarriff
ASEAN is a trade bloc made of southeastern----------nations?
Australian
African
Asian
All of the above
What is present in single market, but not customs union?
Common external tariff
Factor asset mobility
Common economic policy
Gulf Cooperation Council (GCC), is an example of:
PTA
Customs Union
FTA
Common Market
SAARCS stands for:
South Asia Association for regional cooperation
South Asian Association for regional cooperation
South Asian Associate for regional cooperation
South Asian Associate for region cooperate
weakest form of economic integration is
Preferential trade agreement
Free trade agreement
Customs union
Economic Union
