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From the following list, select all the options that are types of trading blocs.Multiple select question.A common marketA customs unionA political unionA free trade area

Question

From the following list, select all the options that are types of trading blocs.Multiple select question.A common marketA customs unionA political unionA free trade area

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Solution

The types of trading blocs from the list are:

  1. A common market
  2. A customs union
  3. A free trade area

A political union is not a type of trading bloc, it's a type of political entity where several states or provinces have merged together to form a single government or state.

Similar Questions

Multiple Choice QuestionWhich one of the following is a type of trading bloc?Multiple choice question.A commercial unionA common marketAn export-import areaAn import-export area

Multiple Select QuestionSelect all that applyA common market, also called a trading bloc, is a regional group of countries with:Multiple select question.no laws to discourage tradea restriction of trade among membersno internal tariffsa common external tariff

From the following list, select all the statements that apply to a trading bloc.Multiple select question.It may be a customs union.It may be a common market.It is a group of countries involved in a trade agreement.It refers to arrangements within a certain country, not to an agreement among countries.

Multiple Choice QuestionA customs union is a group of countries that have Blank______.Multiple choice question.tariff-free trade, common trade barriers with outside nations, and free movement of labour and capital within the areatariff-free trade and common trade barriers with the outside countriestariff-free trade, though they can impose separate tariff barriers on outside countriesundertaken to become one country

A common market, also called a trading bloc, is a regional group of countries with:Multiple select question.no laws to discourage tradea restriction of trade among membersno internal tariffsa common external tariff

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