IB Economics Unit 4.2: Global Economy - Economic Integration

1#

Which of the following is not a function of the Wor tg6x67m p8jp9bodk +kld Trade Organisation (WTO)?

A. Protection of environment

B. Forum for trade negotiations

C. Handling trade disputes among member countries

D. Encouraging countries to follow trade protection

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2#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

Assume several countries form a trading bloc with only the followin4l xuk2, dq ,q-j.blrkxxts85 g features:
common external tariffs
removal of all internal trade barriers
free movement of labour and capital.
What type of trading bloc have these countries formed?

A. Common markets

B. Customs unions

C. Monetary union

D. Free trade areas

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3#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

After joining a trading bloc withp28 c75ysb nirt37mlt common external barriers, production shifts from a lr 7itsmy p b2c5l3t8n7ow-cost producer to a high-cost producer. This is an example of

A. trade diversion

B. trade creation

C. comparative advantage

D. increased competition

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4#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

Which of the following characteristics are trzy0rim,0l4*r (dptp7 dm1 xmoue of both free trade areas and cusyd 1p lr0xm4 (7 *poimdrz0t,mtoms unions?

I. No barriers to the mobility of labour
II. Imposition of common external tariff
III. Abolition of internal trade barriers
IV. A common currency

A. I only

B. II and III only

C. II and IV only

D. III only

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5#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

The advantages of joining o u+y b;/cjzq 68puot ni f9,-/)7-t xsfrqklda monetary union include all the following except

A. The monetary union's central bank conducts monetary policy

B. Increased certainty for importers and exporters

C. Price transparency increases

D. The level of inward investment increases

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