Edexcel IGCSE Economics 2.2.2.d modern trading blocs
Practise trading-bloc questions by defining reduced barriers between members and evaluating access, competition and non-member effects.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- Define a trading bloc as countries reducing trade barriers between members.
- Analyse larger market access for firms or countries joining trading blocs.
- Evaluate member gains against competition or effects on non-member countries.
2.2.2.d Modern trading blocs question 1
[Maximum number: 2]
What is meant by the term trading bloc?
AO1 2 marks
Award 2 marks for a correct definition
A trading bloc is a group of countries that join together (1) to reduce/eliminate trade barriers between themselves (1)
Accept any other appropriate response
(2)
All question bank results loaded