Economic Blocs Quiz

What is the main purpose of economic blocs?

• To establish political dominance

• To increase military power

• To foster economic and social growth

• To create cultural exchanges

Which countries are part of the Mercosur?

• Brazil, Chile, Argentina, Peru

• Brazil, Bolivia, Chile, Uruguay

• Brazil, Argentina, Uruguay, Paraguay

• Argentina, Colombia, Venezuela, Ecuador

When was the European Union officially established?

• 1992

• 1991

• 2000

• 1989

Which of the following is NOT a member of the ASEAN?

• Vietnam

• India

• Philippines

• Thailand

What is the main objective of the APEC?

• To promote military alliances

• To reduce tariffs and encourage trade

• To unify currency systems

• To establish a common language

Which bloc replaced NAFTA in 2020?

• USMCA

• APEC

• Mercosur

• ASEAN

What is a characteristic of a Customs Union?

• Shared military resources

• Free movement of people

• Common external tariff

• Unified currency

Which countries formed the original Benelux agreement?

• Netherlands, Germany, France

• Luxembourg, Switzerland, Austria

• Belgium, France, Germany

• Belgium, Netherlands, Luxembourg

What is a key feature of a Free Trade Area?

• Shared educational policies

• Unified political system

• Common currency

• Elimination of internal tariffs

Which of the following countries is NOT part of the Eurozone?

• Italy

• France

• Germany

• Poland