Economic Integration Quiz
Test your knowledge on economic integration concepts, types, and examples.
Full Name
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First Name
Last Name
Email Address
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example@example.com
Which of the following best defines economic integration?
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The removal of trade barriers between countries to allow free movement of goods, services, capital, and labor
The process of a country isolating itself from global trade
A government policy to increase tariffs on imports
Other
Which of these is NOT a type of economic integration?
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Free Trade Area
Customs Union
Monetary Policy Committee
Common Market
Select all examples of economic integration organizations.
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European Union (EU)
North American Free Trade Agreement (NAFTA)
World Health Organization (WHO)
Association of Southeast Asian Nations (ASEAN)
Other
Match the type of economic integration to its correct description.
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Rows
Description
Free Trade Area
Removes tariffs between member countries only
Removes tariffs and adopts a common external tariff
Removes tariffs, adopts a common external tariff, and allows free movement of factors of production
Full economic union with unified policies
Customs Union
Removes tariffs between member countries only
Removes tariffs and adopts a common external tariff
Removes tariffs, adopts a common external tariff, and allows free movement of factors of production
Full economic union with unified policies
Common Market
Removes tariffs between member countries only
Removes tariffs and adopts a common external tariff
Removes tariffs, adopts a common external tariff, and allows free movement of factors of production
Full economic union with unified policies
Economic Union
Removes tariffs between member countries only
Removes tariffs and adopts a common external tariff
Removes tariffs, adopts a common external tariff, and allows free movement of factors of production
Full economic union with unified policies
To what extent do you agree with the following statement? "Economic integration increases the economic welfare of member countries."
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Strongly Disagree
1
2
3
4
Strongly Agree
5
1 is Strongly Disagree, 5 is Strongly Agree
Rank the following benefits of economic integration according to their importance (1 = Most Important, 4 = Least Important).
Which of the following is a potential disadvantage of economic integration?
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Loss of policy autonomy
Increased protectionism
Decreased competition
Other
Please provide a short example of economic integration from your region or country.
How would you rate your overall understanding of economic integration after completing this quiz?
1
2
3
4
5
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