Customs Union: Definition & Theory Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of the following is the best explanation of a customs union?

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1. In a customs union, what can members agree to in order to limit imports of some goods and services?

2. Which one of the following is not an advantage of a customs union?

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About This Quiz & Worksheet

A customs union affects nations in several ways. This quiz/worksheet combo will help you test your understanding of the concepts behind a custom union. Some terms you'll be assessed on include customs union and tariff.

Quiz & Worksheet Goals

Topics you'll be quizzed on include:

  • The best explanation of a customs union
  • How a customs union promotes trade between members
  • Advantages and disadvantages of a customs union

Skills Practiced

  • Defining key concepts - ensure that you can accurately describe a tariff
  • Distinguishing differences - compare and contrast topics from the lesson, such as benefits and drawbacks of a customs union
  • Information recall - access the knowledge you've gained regarding a customs union

Additional Learning

The lesson called Customs Union: Definition & Theory covers the following objectives:

  • Understand how a customs union works and how it affects member nations
  • Define and identify the benefits and drawbacks of a customs union
  • See an example of a customs union at work
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