Regional Economic Groupings Quiz

Regional Economic Groupings Quiz

University

25 Qs

quiz-placeholder

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Regional Economic Groupings Quiz

Regional Economic Groupings Quiz

Assessment

Quiz

Business

University

Medium

Created by

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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