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| 1 | When it comes to trade in goods, trade policy is an exclusive competency of the EU. |
 | A) | TRUE |
| B) | FALSE |
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| 2 | Since the EU is a customs union, any tariff change - including temporary changes such as dumping duties and quotas on Chinese clothes - must be decided at the EU level; Member States cannot set their own tariffs. |
| A) | TRUE |
| B) | FALSE |
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| 3 | About 2/3rds of EU25 imports come from the EU itself. |
| A) | TRUE |
| B) | FALSE |
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| 4 | Most of the EU's imports and exports consist of manufactured goods. |
| A) | TRUE |
| B) | FALSE |
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| 5 | The EU's exports and imports from North America are quite similar in composition (mainly manufactured goods) but its imports and exports from Africa are dissimilar with raw materials and food making up a much large share of EU imports from the region than EU exports to the region. |
| A) | TRUE |
| B) | FALSE |
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| 6 | The EU has extensive preferential trade arrangements with many nations who where former colonies of France, Belgium and the UK. |
| A) | True |
| B) | False |
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| 7 | The Commission has the right to negotiate tariffs with third nations, but when it comes to trade policies that affect other areas such as services and intellectual property rights: |
| A) | The allocation of competencies is negotiated between the Commission and Member States for each WTO negotiation. |
| B) | The Commission leads all negotiations but the outcome must be approved by the Council of Ministers under unanimous or Qualified Majority Voting (QMV) according to the principle of 'parallelism', i.e. if the area would be subject to QMV under Single Market rules, then it is subject to QMV in trade areas. |
| C) | The European Parliament decides whether a specific area will be subject to QMV or unanimous voting. |
| D) | none of the above is true. |
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| 8 | The Commission imposes anti-dumping duties on the goods of nations that it accuses of: |
| A) | Selling high-quality products at a price that is less than those charged by EU producers of the same goods |
| B) | Selling low-quality products at too high a price. |
| C) | Selling goods to the EU that do not meet the high product standards of the US market. |
| D) | selling goods at a price that is below the cost of production, or below the price in the home nation. |
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| 9 | The EU has extensive preferential trade arrangements with: |
| A) | Most of the nations that line the Mediterranean Sea. |
| B) | Most of the former Soviet republics. |
| C) | Most of the poorest nations in the world. |
| D) | All of the above. |
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| 10 | The trade relations that the EU now has with Turkey are best described as. |
| A) | The EU grants unilateral preferences to Turkey. |
| B) | Participate in the Single Market via the European Economic Areas agreement or Bilateral Agreements. |
| C) | Set their own tariffs with respect to third nations, including anti-dumping duties. |
| D) | All of the above |
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| 11 | The four West European nations not in the EU: |
| A) | Sign free trade agreements with every nation that the EU signs one with. |
| B) | Participate in the Single Market via the European Economic Areas agreement or Bilateral Agreements. |
| C) | Set their own tariffs with respect to third nations, including anti-dumping duties. |
| D) | All of the above. |
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| 12 | The “Everything But Arms” policy: |
| A) | grants duty free treatment to the exports of Latin American nations. |
| B) | grants duty-free treatment to the exports of most of the poorest nations in the world. |
| C) | was instituted by the Constitutional Treaty. |
| D) | none of the above. |
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| 13 | Since the Doha Round package that is eventually agreed will include many elements beyond trade in goods, and the EU must approve the package as a whole, the decision by the Council of Ministers on the final package will be taken on the basis of voting. |
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| 14 | When the EU imposes an antidumping duty on, say, Chinese shoes, the Member States that have producers of competing products generally support the measure, but those who do not often oppose it. The final decision is made by . |
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| 15 | The EU signs trade deals with third nations and these commit the third nations to doing various things such as cutting their tariffs against EU exports. The institution in the EU responsible for making sure that the third nations respect their obligations is . |