
Regional Economic Groupings Quiz

Quiz
•
Business
•
University
•
Medium
Dhanya Anish
Used 1+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the highest level of regional economic integration?
Free Trade Area
Customs Union
Common Market
Economic and Political Union
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A customs union differs from a free trade area in that it:
Allows free movement of labor and capital
Adopts a common external tariff
Has a common currency
Requires identical tax policies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a common market?
European Union (EU)
North American Free Trade Agreement (NAFTA)
South Asian Association for Regional Cooperation (SAARC)
World Trade Organization (WTO)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these regional economic groupings is primarily focused on South American economies?
ASEAN
MERCOSUR
NAFTA
SAARC
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which regional economic grouping includes China, Japan, and South Korea?
ASEAN
NAFTA
RCEP
SAARC
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes multilateralism?
Trade agreements between two countries
Regional trade agreements within a continent
Global trade cooperation involving multiple nations
Protectionist policies by a country
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which organization primarily promotes multilateral trade liberalization?
NAFTA
WTO
ASEAN
European Union
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