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Card 1 of 21

What does a free trade area remove between members?

A

Restrictions on labour and capital movement, while goods remain protected.

B

All tariffs and quotas, including those on goods from non-members.

C

Tariffs and quotas, while each member keeps its own external tariff.

D

A common external tariff, while members retain internal quotas.

Card 1 of 21

4.1.5 Trading blocs and the World Trade Organisation (WTO) Flashcards

  1. A Level
  2. /Economics
  3. /4.1.5 Trading blocs and the World Trade Organisation (WTO)

21 flashcards on Edexcel A A Level Economics 4.1.5 Trading blocs and the World Trade Organisation (WTO): the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards