Day: November 26, 2020

Why might the establishment of a customs union lower economic welfare?

Select ONE answer:

1. The exchange rate is realigned.
2. Labour mobility is increased.
3. Trade is created.
4. Trade is diverted.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

This work is licensed under a Creative Commons Attribution 4.0 International License.