Economic Integration
Quiz by Sune Bethelmy
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6 questions
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- Q1What is the correct order of the stages of economic integration?Customs union, to common market, to free trade area, to economic union.Free trade area, to common market, to customs union, to economic union.Free trade area, to customs union, to common market, to economic union.Customs union, to economic union, to free trade area, to common market.30s
- Q2How is a single market different from a customs union?A single market has common taxation policies but a customs union does not.A customs union has a common external tariff with non-members but a single market does not.A customs union has free movement of labour but a single market does not.A single market has common monetary policy but a customs union does not.30s
- Q3At what stage of economic integration is the CARICOM Single Market and Economy?A free trade areaA common marketAn economic unionA customs union30s
- Q4Which of the following is NOT a feature of the CARICOM Single Market and Economy?Limited movement of imported goodsLocation of firms in any territoryFree movement of goods and servicesFree movement of labour and capital30s
- Q5Which of the following is NOT a benefit of the CARICOM Single Market and Economy?Free movement of goods and servicesLocation of firms in any territoryFree movement of labour and capitalUnemployment in some territories30s
- Q6All of the following are examples of economic integration EXCEPT:FTAAIMFASEANCSME30s