A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2018 · Q261 Mark

What is present in a customs union but not in a free trade area?

Acommon external tariff with the rest of the world

Bcommon monetary system

Ccommon system of taxation

Dthe free movement of all goods, services and factors of production

✓ Correct answer

A: common external tariff with the rest of the world

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2018 Paper 1 Variant 2, question 26.

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