O-LevelCommerceGlobal trade7100/11 · May/June 2010 · Q181 Mark

What is a 'trading bloc'?

Agroup of countries that have removed trade restrictions between themselves

Bgroup of trading nations that is geographically close

Cnumber of countries that have differing trading policies

Dnumber of countries that import and export similar goods

✓ Correct answer

A: group of countries that have removed trade restrictions between themselves

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2010 Paper 1 Variant 1, question 18.

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