Regional Integration quiz 3

Which of the following CARICOM groups is made up of prime ministers, executive presidents or chief ministers?

• The Secretariat

• Comon Market Council

• Standing Committee of ministers

• Heads of Government Conference

Which of the following is the MOST important aim of the trading arrangements within CARICOM?

• To promote economic development in the region

• To increase the markets and revenue of large territories

• To ensure that goods from outside the region become cheaper

• To increase travel and contact among the people of the region

Which of the following factors hinders cooperation among CARICOM states?

• common economic policies

• the challenge of globalization

• competition for foreign capital

• difference in cultural traditions

Which of the following institutions of CARICOM is responsible for the economic activities of the community?

• Common Market Council

• Standing Committee of Ministers

• Heads of Government Conference

• Conference of Agriculture Ministers

If a CARICOM country imposes restrictions on CARICOM products, which of the following provisions of the treaty is being violated?

• Rule of origin

• Liberalization of trade

• Special Regime of LCDs

• Common External Tariff

Which of the following factors is intended to promote trade among CARICOM member states?

• Variety of currencies by CARICOM countries

• Removal of duties on regional goods and services

• Importation of low cost goods from countries outside the region

• Production of similar goods and services in the various member states

Globalization is characterized by all of the following EXCEPT the

• migration of skilled labour

• establishment of trade links around the world

• creation of jobs as a result of foreign investment

• use of low levels of technology in the production of goods

Which of the following is the MAIN reason for trade conflicts which sometimes arise among CARICOM countries?

• lack of natural resources in many of the islands

• low level of industrial development in each territory

• reluctance on the part of some governments to permit freedom of movement

• competition for markets when several countries manufacture identical products

CARICOM countries need to pool their skilled human resources. The MOST likely result of such action would be

• a speeding up of the rate of 'brain drain'

• a reduction in the need for foreign experts

• a reduction in workers' wages and salaries

• an increase in the spending of foreign exchange

'Economic Integration' as part of CARICOM's main objectives, aims at

• rationalizing CARICOM's existing tariffs

• limiting outside access to CARICOM products

• accelerating development in CARICOM countries

• reducing the debt owned by CARICOM member states