OCR A-Level Geography H481
Coastal Landscapes
Glaciated Landscapes
Dryland Landscapes
Earth’s Life Support Systems
Changing Spaces; Making Places
Trade in the Contemporary World
Global Migration
Human Rights
Power and Borders
Climate Change
Disease Dilemmas
Exploring Oceans
Future of Food
Hazardous Earth
Geographical Skills
Trade in the Contemporary World
Regional trading blocs and the European Union
- 3 things to know
- Component 02
Overview
Recall questions on trading blocs, free trade areas, customs unions, common markets and economic unions, the four freedoms of the European single market, trade creation and diversion, ASEAN, Mercosur and the USMCA that replaced NAFTA, the African Continental Free Trade Area, and low trade between African countries.
What you need to know
Answer each one before you reveal it.
What feature does a customs union have that a free trade area does not?
Describe what a common market allows beyond a customs union.
Questions from this subtopic
Each one with the model answer underneath.
- 1
What is a regional trading bloc?
Model answer
A regional trading bloc is a group of usually neighbouring countries that agree to reduce or remove trade barriers between themselves.
- 2
Define a free trade area.
Model answer
A free trade area is a bloc whose members remove tariffs on trade between them while each keeps its own tariffs on goods arriving from outside.
- 3
What feature does a customs union have that a free trade area does not?
Model answer
A customs union also applies a common external tariff, so every member charges the same duty on imports from outside the bloc.
- 4
Describe what a common market allows beyond a customs union.
Model answer
A common market also allows the free movement of labour, capital and services between members, not just of goods.
- 5
What is an economic union?
Model answer
An economic union is a common market whose members additionally coordinate economic policy and may share a single currency and central bank.
- 6
Which four freedoms underpin the European Union's single market?
Model answer
The free movement of goods, services, capital and people between member states.
Other ways to work this
The same content, four other ways.
What is inside Levo
Six ways to work the same material.
Every question in Trade in the Contemporary World, on a schedule.
Attempt a question from memory, write the correct version, then attempt it again. Levo records the jump between your first attempt and your last, and brings each question back on the day you are due to forget it.
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