Spec 9EC0
Revise Edexcel A A Level Economics 4.1.5 Trading blocs and the World Trade Organisation (WTO) with the question bank, lessons, revision guides, and flashcards.
a) Types of trading blocs (regional trade agreements and bilateral trade agreements): • free trade areas • customs unions • common markets • monetary unions: conditions necessary for their success with particular reference to the Eurozone • b) Costs and benefits of regional trade agreements