Economics Multiple Choice Question – 22 April 2023

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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