O-LevelCommerceGlobal trade7100/11 · Oct/Nov 2016 · Q161 Mark

An advantage of a trading bloc is the elimination of unfair competition between member countries. How is this achieved?

AAll goods are labelled with the country of origin.

BAll imports from member countries are exempt from customs duties.

CMeasurements and weights are standardised across member countries.

DQuotas are imposed on imported goods.

✓ Correct answer

B: All imports from member countries are exempt from customs duties.

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2016 Paper 1 Variant 1, question 16.

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