O-LevelCommerceGlobal trade7100/11 · Oct/Nov 2013 · Q161 Mark

How do trading blocs, such as ASEAN and SADC, help to increase trade?

Aby ensuring that member countries export enough to pay for imports

Bby imposing quotas on member countries

Cby reducing the need for customs authorities

Dby removing import tariffs among member countries

✓ Correct answer

D: by removing import tariffs among member countries

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2013 Paper 1 Variant 1, question 16.

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