Questions as text
Q1 · Which feature is found in both a customs union and a free trade area? 9708/11 Oct/Nov 2008
21 Which feature is found in both a customs union and a free trade area? A a common currency B a common external tariff C freedom from internal trade barriers D uniform tax rates
1 marks
Answer: C
This question in 9708/11 Oct/Nov 2008
Q2 · Which statement about economic integration is correct? 9708/11 May/June 2009
21 Which statement about economic integration is correct? A A customs union has a common currency. B A customs union has a common external tariff. C A free trade area has internal trade barriers. D A free trade area has no external trade barriers.
1 marks
Answer: B
This question in 9708/11 May/June 2009
Q3 · A group of countries decides to change from being a customs union to being an economic… 9708/13 May/June 2010
19 A group of countries decides to change from being a customs union to being an economic union. What additional feature will this give the group? A a common external quota on imports from non-members B a common external tariff on imports from non-members C the removal of restrictions on the movement of capital and labour between members D the removal of tariffs and quotas on products exchanged between members
1 marks
Answer: C
This question in 9708/13 May/June 2010
Q4 · What is found in a customs union but not a free trade area? 9708/12 Oct/Nov 2010
21 What is found in a customs union but not a free trade area? A a common currency B a common external tariff C fixed exchange rates D free movement of labour
1 marks
Answer: B
This question in 9708/12 Oct/Nov 2010
Q5 · What is a feature of a customs union? 9708/11 May/June 2013
21 What is a feature of a customs union? A the fixing of quotas for its members B the introduction of a common currency C the joint setting of prices D the removal of tariff barriers between its members
1 marks
Answer: D
This question in 9708/11 May/June 2013
Q6 · A country is willing to undertake free trade with its neighbours and to allow the free… 9708/11 Oct/Nov 2013
20 A country is willing to undertake free trade with its neighbours and to allow the free movement of factors of production with them. It is unwilling, however, to share a common currency and common external tariff. In what sort of economic relationship is it likely to be with its neighbours? A a common market B a customs union C an economic union D a free trade area
1 marks
Answer: A
This question in 9708/11 Oct/Nov 2013
Q7 · What is the least likely outcome for participating countries of a move towards freer… 9708/12 Oct/Nov 2013
20 What is the least likely outcome for participating countries of a move towards freer trade? A greater international specialisation B greater product choice C higher standards of living D more equal distribution of income
1 marks
Answer: D
This question in 9708/12 Oct/Nov 2013
Q8 · A group of countries join together to form a single market with a single common currency 9708/12 May/June 2014
22 A group of countries join together to form a single market with a single common currency. Which term best describes the resulting organisation? A customs union B economic union C free trade area D trade union
1 marks
Answer: B
This question in 9708/12 May/June 2014
Q9 · What is found in an economic union but not in a customs union? 9708/12 May/June 2015
21 What is found in an economic union but not in a customs union? A a common external tariff on trade with non-member countries B an absence of quotas on trade between member countries C an absence of tariffs on trade between member countries D free movement of labour and capital between member countries
1 marks
Answer: D
This question in 9708/12 May/June 2015
Q10 · A Japanese company builds a factory in the UK to supply both the UK market and the market… 9708/11 Oct/Nov 2015
27 A Japanese company builds a factory in the UK to supply both the UK market and the market in the rest of Europe. What is likely to be the long-run impact on the UK’s balance of trade in goods and on its current account balance? balance of trade current account in goods balance A improve improve B improve uncertain C worsen improve D worsen uncertain
1 marks
Answer: B
This question in 9708/11 Oct/Nov 2015
Q11 · Trade relations between two countries have gone through four stages 9708/13 Oct/Nov 2015
22 Trade relations between two countries have gone through four stages. At which stage was a customs union established? A The countries removed tariffs on selected goods from each other. B The countries removed tariffs on all goods from each other. C The countries set up a common external tariff towards other countries. D The countries introduced a single currency for use by both countries.
1 marks
Answer: C
This question in 9708/13 Oct/Nov 2015
Q12 · What is not associated with greater economic integration between countries? 9708/12 May/June 2016
26 What is not associated with greater economic integration between countries? A increased financial flows B increased quotas C increased trade creation D increased trade diversion
1 marks
Answer: B
This question in 9708/12 May/June 2016
Q13 · Two countries trade with one another without any forms of protection 9708/12 Feb/March 2019
24 Two countries trade with one another without any forms of protection. They also impose a common external tariff on the imports from all other countries. What have these two countries formed? A a customs union B a free trade area C a monetary union D an economic union
1 marks
Answer: A
This question in 9708/12 Feb/March 2019
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