O-LevelCommerceGlobal trade7100/12 · May/June 2023 · Q141 Mark

Which statement about free trade is correct?

AFree trade applies only to imports and restrictions can still apply to exports.

BFree trade may lead to a common pricing structure among member countries.

CTrading blocs encourage free trade between member countries.

DTrading blocs lead to reduced choice for consumers.

✓ Correct answer

C: Trading blocs encourage free trade between member countries.

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2023 Paper 1 Variant 2, question 14.

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