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2.6 The international economy (A-level only)

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Question 61

Two regional trade blocs are comparing their levels of economic integration.

  • Bloc X has abolished all internal tariffs and established a common external tariff on imports from non-member nations, but it does not permit the free movement of labour or capital across national borders.
  • Bloc Y has established a common currency and harmonised macroeconomic (monetary and fiscal) policies among all member states, alongside facilitating the free movement of labour and capital.

Which of the following combinations correctly identifies the highest level of economic integration achieved by Bloc X and Bloc Y?

A

Bloc X is a Free Trade Area; Bloc Y is a Common Market

B

Bloc X is a Customs Union; Bloc Y is a Common Market

C

Bloc X is a Customs Union; Bloc Y is an Economic Union

D

Bloc X is a Free Trade Area; Bloc Y is an Economic Union

Markscheme

2.6 The international economy (A-level only) Questions

  1. A Level
  2. /Economics
  3. /2.6 The international economy (A-level only)

310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.

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