REGIONAL INTEGRATION TEST

The CARICOM Single Market and Economy (CSME) was created to deepen the integration movement and to respond to the challenges and opportunities of...

• communism

• globalization

• independence

• republicanism

"Individual countries in the region are too small to make their presence felt on the world stage."

Implied in this statement is the need for individual countries to...

• return to colonialism

• espouse republicanism

• demand their democratic freedom

• seek to create trading links with each other

Which of the following may HINDER economic integration in CARICOM?

• removal of duties and tariffs

• restriction on intra-regional trade

• The establishment of a common currency

• More funding from the Caribbean Development Bank

Which of the following is a function of the Caribbean Development Bank?

• Regulating foreign exchange rates in CARICOM countries

• Providing loans to individuals in the Caribbean for home construction

• Serving as a central bank for all commercial banks in the CARICOM region

• Organizing and supervising loans for developmental work in member states

The treaty which led to the establishment of CARICOM is an example of a

• bilateral agreement

• unilateral agreement

• functional agreement

• multilateral agreement

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

• rationalizing CARICOM's existing tariffs

• limiting outside access to CARICOM products

• accelerating development in CARICOM countries

• reducing the debt owed by CARICOM member states

between 1958 and 1962 Caribbean governments made an attempt to unify the region politically by

• forming a federation

• seeking independence

• establishing CARIFTA

• organizing CARICOM

For which of the following reasons are Caribbean governments MOST likely to try to attract private investors?

• to promote economic development in the region

• To increase travel among the people of the region

• To increase the markets and revenue of the larger territories

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 LDC's

• Common External Tarrif

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