Barriers to Regional Integration

1. All of the following are synonyms of a barrier EXCEPT:

• A. obstacle

• B. hinderance

• C. profit

• D. hurdle

2. Which of the following is a barrier to regional integration in the Caribbean?

• A. they have a common heritage

• B. there is free movement of goods

• C. they are able to travel freely

• D. the small size of the countries

3. The movement of goods and services is made difficult in the Caribbean because of:

• A. the absence of a common currency

• B. the unequal distribution of resources

• C. lack of diversification in production

• D. the physical separation of the countries

4. Which of the following is a reason why there may be competition among CARICOM countries?

• A. the countries produce the same goods

• B. the countries have different currencies

• C. the small size of the countries

• D. the separation of the Caribbean countries

5. Which resource does Jamaica need multi-national corporation to help it exploit?

• A. tourism

• B. bauxite

• C. oranges

• D. bananas

6. Select the two ways in which the lack of diversification in production is a barrier to regional integration?

• increased competition among countries of the region

• limited trading among countries of the region

• free movement of goods between countries

• easier access to other countries

7. True or False. Countries with fewer resources may feel disadvantaged when trading with countries with greater resources.

• True

• False

8. The following would be benefits to the introduction of a common currency in the Caribbean EXCEPT:

• A. less uncertainty with exchange rates

• B. a greater sense of regional identity

• C. free movement of capital

• D. reduced transaction cost with intra-regional trade

9. Which Caribbean Integration agreement uses a common currency among most member states?

• A. CSME

• B. OECS

• C. CARICOM

• D. CARIFTA

10. CARICOM member states suffer from all of the following barriers to regional integration except:

• A. a common currency

• B. the unequal distribution of resources

• C. the competition between countries

• D. the influence of multi-national corporation