TEST ECO4ESO 505 - Created by Antonio Ginés

What are the trade blocs?
1. The preferential trade area, the free trade area, the customs union, the common market and the economic and monetary union
2. The preferential trade area, the free trade area, the customs union, the common market, the economic and monetary union and the political union
3. The free trade area, the customs union, the common market, the economic and monetary union and the political union
According to the notes, of which trade bloc was the agreement between the European Union and the group of African, Caribbean and Pacific states (ACP countries) until 2007 an example
1. Free trade area
2. Preferential trade area
3. Customs union
Who doesn't have the same policies regarding non-members, meaning different tariffs and customs?
1. The other answers are correct
2. Members of the free trade area
3. Members of the customs union
Which trade bloc is a free trade area with a common external tariff?
1. Common Market
2. Economic and monetary union
3. Customs union
Which trade bloc is the fourth phase of economic integration?
1. Economic and monetary union
2. Free trade area
3. Common market
How many members states of the European Union use the euro?
1. Nineteen
2. Twenty eight
3. Twenty three
Does Czech belong to the Eurozone?
1. No
2. Yes
3. The other answers are correct
Does Slovenia belong to the Eurozone?
1. No
2. Yes
3. the other answers are correct
Does Greece belong to the Eurozone?
1. The other answers are correct
2. No
3. Yes
Does Lithuania belong to the Eurozone?
1. Yes
2. No
3. The other answers are correct
Does Portugal belon to the Eurozone?
1. No
2. Yes
3. The other answers are correct
What is the name of the trade bloc that gives preferential access to certain products from participating countries?
1. Free trade area
2. Preferential trade area
3. Customs union
What is the name of the trade bloc that is made up of a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) of the goods and services traded between them?
1. Customs union
2. Preferential trade area
3. Free trade area
What system do the countries of the free trade area use to avoid evasion (through re-export)?
1. The system called rules of origin
2. The system called economic rules
3. The system called customs rules
Which trade bloc is the third phase of economic integration?
1. Economic and monetary union
2. Customs union
3. Common market
What example appears in the notes of a common market?
1. SACU
2. MERCOSUR
3. EFTA
Does Germany belong to the Eurozone?
1. The other answers are correct
2. No
3. Yes
Does Cyprus belong to the Eurozone?
1. Yes
2. No
3. The other answers are correct
Does Spain belong to the Eurozone?
1. No
2. Yes
3. The other answers are correct
Does Hungary belong to the Eurozone?
1. The other answers are correct
2. Yes
3. No
Does Luxembourg belong to the Eurozone?
1. Yes
2. No
3. The other answers are correct
Does Romania belong to the Eurozone?
1. Yes
2. No
3. The other answers are correct
What does a preferential trade area do with tariffs?
1. The other answers are correct
2. Removes them
3. Reduces them
What can be considered the second phase of economic integration?
1. Free trade area
2. Preferential trade area
3. Customs union
What example of a free trade area appears in the notes?
1. MERCOSUR
2. EFTA
3. SACU
What example appear in the notes of a customs union?
1. EFTA
2. MERCOSUR
3. SACU