Caribbean Integration Quiz

What is regional integration?

• The uniting of the separate Caribbean states into a regional organization.

• A process that is unnecessary for the development of the region.

• A concept that can be ignored by Caribbean governments and people.

What are the major challenges facing the Caribbean region?

• Uncompetitive products which cannot compete in international markets.

• Shortage of skilled labour and high levels of unemployment and underemployment.

• Vulnerability to natural disasters.

• Small markets which do not allow producers to reap economies of scale.

• Heavy indebtedness to international lending agencies.

What was the West Indies Federation?

• A political union of ten Caribbean states formed in 1958.

• An organization that achieved all its objectives.

• A central government based in Jamaica.

What was the aim of the Caribbean Free Trade Association (CARIFTA)?

• To promote free trade among its members.

• To restrict the flow of goods produced within the region.

• To increase tariffs on goods traded within the region.

What are the objectives of the Caribbean Community (CARICOM)?

• Increasing free trade in regionally produced goods.

• Encouraging member states to pursue common trade policies.

• Promoting competition among non-member states.

What is a common market?

• A group of countries promoting free trade.

• An organization that restricts trade.

• A type of economic cooperation that does not involve tariffs.

What is the role of the Caribbean Common Market?

• To promote economic integration.

• To increase tariffs on goods.

• To limit the movement of capital and labour.

What is globalization?

• The process by which countries become interconnected.

• A method to isolate countries from each other.

• A strategy to limit trade.

What are the objectives of the CARICOM Single Market?

• Increasing trade in regional goods and services.

• Promoting competition among Caricom firms.

• Restricting the output of goods and services.

What is the Caricom Single Economy (CSE)?

• A requirement for member states to adopt a common currency.

• An initiative to increase tariffs on imports.

• A strategy to isolate member states economically.