Regional Integration

Which CARICOM group is made up of Prime Ministers, Executive Presidents or Chief Ministers?

• The Secretariat

• Common Market Council

• Standing Committee of Ministers

• Heads of Government Conference

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 LCD's

• Common External Tariff

Which of the following may HINDER economic integration in CARICOM countries?

• Removal of duties and tariffs

• Restrictions on intra-regional trade

• The establishment of a common currency

• More funding from the Caribbean Development Bank

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

• To ensure the goods from outside of the region become cheaper

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 contructing homes

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

• Organizing and supervising loans for developmental works to member states

"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

• Consider integration

• return to colonialism

• espouse republicanism

• demand their democratic rights

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 workers' wages and salaries

• a reduction in the need for foreign experts

• an increase in spending of foreign exchange

'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

The highest authority of the Caribbean Community (CARICOM) is the

• West Indian Commission

• Heads of Government Conference

• Council of Trade and Development

• Council of Foreign and Community Relations