Trading blocs questions

Descripción

Test sobre Trading blocs questions, creado por Hannah Nad el 18/01/2017.
Hannah Nad
Test por Hannah Nad, actualizado hace más de 1 año
Hannah Nad
Creado por Hannah Nad hace casi 8 años
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Resumen del Recurso

Pregunta 1

Pregunta
In a free trade area there is....
Respuesta
  • No internal trade barriers
  • A common external tariff
  • Factor and asset mobility
  • Common currency
  • Common economic policy

Pregunta 2

Pregunta
In a single market there is...
Respuesta
  • No internal trade barriers
  • A common external tariff
  • Factor and asset mobility
  • Common currency
  • Common economic policy

Pregunta 3

Pregunta
What is present in a single market but not a customs union?
Respuesta
  • Factor asset mobility
  • Common external tariff
  • Common economic policy

Pregunta 4

Pregunta
Poorer countries that are members of the EU, such as Romania and Bulgaria, pay less into the EU budget compared to countries with a higher level of GDP (e.g. France and Germany)
Respuesta
  • True
  • False

Pregunta 5

Pregunta
The ASEAN (Association of South-East Asian Nations) is an example of an example of a single market
Respuesta
  • True
  • False

Pregunta 6

Pregunta
Which of these is NOT one of the four key-freedoms of the EU?
Respuesta
  • Free trade in goods
  • Mobility of labour
  • Free movement of capital
  • Free trade in services
  • Identical product standards

Pregunta 7

Pregunta
Which one of these are NOT a convergence criteria to join the euro
Respuesta
  • Relatively similar inflation rates (+/- 1.5 than current members)
  • Relative stable exchange rate
  • Sound government finances (not more than 60% of GDP, 3% of annual GDP)
  • Interest rate convergence (not more than 2% higher than members)
  • Trend growth of GDP (no more than a 5% difference in GDP)
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