AQA A Level · 7136 · Paper 2: The national and international economy
4.2.6.2 Trade: Part 4: Trading Blocs and the WTO
A-level only
Everything you need for questions on trading blocs, the Single European Market and the WTO, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Types of trading bloc: each step goes further
- Trade creation and trade diversion
- Costs and benefits
- The World Trade Organization (WTO)
- Classic question: do the benefits of joining a trading bloc outweigh the costs?
- The Single European Market (SEM)
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Trade creation or trade diversion?
- How far does it go?
- Members, non-members and the WTO
- Customs union trainer
- Blocs and the WTO
- Build the chain
- Exam practice
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