Economics Multiple Choice Question – 26 November 2020

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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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

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