O-LevelCommerceGlobal trade7100/12 · May/June 2016 · Q181 Mark

Members of a free trade area must agree to

Aend all barriers to trade between themselves.

Bset the same tariff on goods imported from non-members.

Ctrade only amongst themselves.

Duse a common currency.

✓ Correct answer

A: end all barriers to trade between themselves.

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2016 Paper 1 Variant 2, question 18.

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