Practice Trade institutions with authentic MYP MYP Individuals & Societies exam questions for both SL and HL students. This question bank mirrors Paper 1, 2, 3 structure, covering key topics like core principles, advanced applications, and practical problem-solving. Get instant solutions, detailed explanations, and build exam confidence with questions in the style of MYP examiners.
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Question 1
According to the 'Levels of Economic Integration' diagram, what is the key feature that distinguishes a Common Market from a Customs Union?
Question 2
Protectionism is often justified by governments through which of the following arguments?
Question 3
Which of the following trade agreements includes Australia and New Zealand as member states?
Question 4
True or False: Historians often link the widespread protectionism of the 1930s Great Depression to the worsening of international relations prior to World War II.
Question 5
In the context of evaluating trade policy, which trade-off is typically weighed when considering short-term versus long-term effects?
Question 6
Which characteristic is specific to a Preferential Trade Agreement (PTA) compared to deeper forms of integration?
Question 7
According to the textbook, how do trade institutions attempt to 'balance competing goals'?
Question 8
In the case of the Indonesia–Mozambique Preferential Trade Agreement, how did the specific tariff reductions differ between the two countries?
Question 9
Which specific freedom in a common market refers to the ability of investors to move money across borders for investment without restrictions?
Question 10
Which of the following is a characteristic of a Free Trade Area (FTA) regarding trade with non-member nations?