Trade blocs

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