Unit 4: The Global Economy
Topic 4.4: Economic Integration Questions
Practice 20 exam-style questions for IB Economics Topic 4.4. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
11 mark
A preferential trade agreement (PTA) involves:
Markscheme and model answer locked
Unlock Question21 mark
Which of the following is an example of a monetary union?
Markscheme and model answer locked
Unlock Question31 mark
A preferential trade agreement (PTA) involves:
Markscheme and model answer locked
Unlock Question41 mark
Which of the following is an example of a monetary union?
Markscheme and model answer locked
Unlock Question54 marks
Outline the main types of economic integration, in order from least to most integrated.
Markscheme and model answer locked
Unlock Question64 marks
Explain one advantage and one disadvantage of a country joining a customs union.
Markscheme and model answer locked
Unlock Question74 marks
Explain what is meant by a common market and give one real-world example.
Markscheme and model answer locked
Unlock Question111 mark
A customs union differs from a free trade area because in a customs union, member countries:
Markscheme and model answer locked
Unlock Question121 mark
A common market has all the features of a customs union plus:
Markscheme and model answer locked
Unlock Question134 marks
Distinguish between a free trade area and a customs union.
Markscheme and model answer locked
Unlock Question144 marks
Define trade creation and trade diversion.
Markscheme and model answer locked
Unlock Question154 marks
Define trade creation and trade diversion.
Markscheme and model answer locked
Unlock Question164 marks
Explain what is meant by a common market and give one real-world example.
Markscheme and model answer locked
Unlock Question174 marks
Explain one advantage and one disadvantage of a country joining a customs union.
Markscheme and model answer locked
Unlock Question184 marks
Outline the main types of economic integration, in order from least to most integrated.
Markscheme and model answer locked
Unlock Question194 marks
Distinguish between a free trade area and a customs union.
Markscheme and model answer locked
Unlock Question201 mark
A common market has all the features of a customs union plus:
Markscheme and model answer locked
Unlock QuestionReady to practice Topic 4.4?
Get instant AI feedback on your answers, view detailed markschemes, and track your progress across all IB Economics topics.
Start Practising Now