T2 WK1 SS3 ECONS L3 TASK ON ECONOMIC INTERGRATION

T2 WK1 SS3 ECONS L3 TASK ON ECONOMIC INTERGRATION

12th Grade

10 Qs

quiz-placeholder

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T2 WK1 SS3 ECONS L3 TASK ON ECONOMIC INTERGRATION

T2 WK1 SS3 ECONS L3 TASK ON ECONOMIC INTERGRATION

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Chiemela Uwaemelu Orji

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ECOWAS was founded in

1980

1960

1975

1942

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of economic integration or economic bloc in which all barriers to trade, i.e, tariffs and non-tariff are abolished amongst member nations and common external barriers are levied against non –member countries

Custom union

Free Trade Area

European union

Common market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic integration or bloc which permits the free flow of capital and labour. This type of integration allows for freedom to work in any member country without restriction.

Free Trade Area

Custom Union

Common Market

ECOWAS

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of economic integration in which common economic policies are adopted Eg. Adoption of common currency complete with a common central bank. There may be a high degree of political integration among member countries

Free trade area

common market

custom union

European union

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of economic integration or economic bloc in which all barriers to trade, i.e, tariffs and non-tariff are abolished amongst member nations but each member determines its own external barriers beyond the bloc. it can also explore other forms of cooperation such as reduction in NTB or trade in services and investments but focus clearly on tariffs

Free trade area

European union

common market

ECOWAS

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is not an obejctive of economic integration

to increases trade between countries

to aid the movement of capital between countries.

to create jobs for immigrants

to facilitate economic cooperation and equitable economic development are the basis of economic unions.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a monetary policy instrument?

taxation

government expenditure

tariffs

interest rate

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