O-LevelCommerceGlobal trade7100/11 · Oct/Nov 2014 · Q161 Mark

Which statement is likely to be true for countries belonging to a trading bloc?

Acommon price structure for goods across the whole market area

Bcommon working practices between member states

Cidentical health and safety standards between member states

Dvast market area in which to trade

✓ Correct answer

D: vast market area in which to trade

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2014 Paper 1 Variant 1, question 16.

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