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Stages of Economic Integration

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

Multiple Answers Possible: Select all the options below that are characteristics of the Economic Union stage of economic integration:

a)

No internal trade barriers

b)

Common External Tariff/CET

c)

Free movement of labour and capital

d)

Common currency and economic policies

e)

Political, social and cultural integration

2.

Multiple Answers Possible: Select all the options below that are characteristics of the Free Trade Area stage of economic integration:

a)

No internal trade barriers

b)

Common External Tariff/CET

c)

Free movement of labour and capital

d)

Common currency and economic policies

e)

Political, social and cultural integration

3.

Multiple Answers Possible: Select all the options below that are characteristics of the Common Market stage of economic integration:

a)

No internal trade barriers

b)

Common External Tariff/CET

c)

Free movement of labour and capital

d)

Common currency and economic policies

e)

Political, social and cultural integration

4.

Multiple Answers Possible: Select all the options below that are characteristics of the Custom Union stage of economic integration:

a)

No internal trade barriers

b)

Common External Tariff/CET

c)

Free movement of labour and capital

d)

Common currency and economic policies

e)

Political, social and cultural integration

5.

Caricom is an example of a/an:

a)

Free Trade Area

b)

Custom Union

c)

Common Market

d)

Economic Union

6.

NAFTA is an example of a/an:

a)

Free Trade Area

b)

Custom Union

c)

Common Market

d)

Economic Union

7.

The coming together of national economies to operate as one economy

a)

Economic Integration

b)

Globalization

c)

Teamwork

d)

CARICOM

8.

The global integration of international trade, investment, information technology (IT), and cultures.

a)

Economic Integration

b)

Globalization

c)

Trading bloc

d)

CARICOM

9.

What type of economic measure is being shown here?

a)

Economic Integration

b)

Globalization

c)

Protectionism

d)

Trade Liberalization

10.

Groups of nations that come together to trade under a trading agreement

a)

Economic Integration

b)

Globalization

c)

Trading bloc

d)

CARICOM