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Interactive Quiz

Test your knowledge from the video lesson.

What is the origin of Preferential Trade Agreements (PTAs)?
Which stage of regional economic integration involves the free mobility of labor and capital among member states?
What is a key characteristic of a Political Union?
According to liberal economists, what is the best route to freer trade?
What is a significant impact of globalization on PTAs?
What does GATT Article 24 permit?
What was a significant outcome of the Cotonou Agreement?

Free Response Question

Explain the evolution of Preferential Trade Agreements (PTAs) from their inception to the present day. Include key milestones and changes in their scope and membership.

Free Response Question

Compare and contrast the different levels of economic integration, providing examples for each level.

Free Response Question

Discuss the perspectives of liberal economists, neomercantilists, and Marxists on the impact of PTAs. How do their views differ regarding the benefits and drawbacks of PTAs?