Day: April 22, 2023

Economics Multiple Choice Question – 22 April 2023

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

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

Select ONE answer:

  1. a common monetary system
  2. a common external tariff with the rest of the world
  3. a common system of taxation
  4. the free movement of all goods, services and factors of production

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 2

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

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