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WorksheetsEconomic Institutions and Problems
Total questions: 10
Worksheet time: 6mins
The role of the World Trade Organisation (WTO) is
To reduce poverty
To develop trade in more developed countries
To develop trade restrictions
To liberalise international trade
Which of the following effects is the LEAST LIKELY to occur from high levels of unemployment?
reduction in output levels in the economy
increase in social cost like crime
increase in GDP
increase need for state support for welfare payments
CSME "free movement" of productive resources applies to which of the following
Capital
Services
Goods
Human resources
A key problem facing Caribbean nationals is Population Density. Under population in an area affects a country by
placing a strain on the country's financial resources
reducing the labour supply available
increase social cost in certain areas
causing high interest rates in the country
An economy usually experiences periods of booms and recessions. A period of recession usually results in unemployment. This is specifically
Technological unemployment
Cyclical unemployment
Seasonal Unemployment
Frictional Unemployent
Which statement best describes the problem of Debt Burden experiences by the Caribbean Nationals?
A situation where the government spends more than it receives in revenue
Small islands have to borrow extensively from international institutions to balance their budget
Growth is stiffed due to the low demand for goods and services
a situation of higher interest rates in a country affecting investments
Which of the following statements are the positive effects of Foreign Direct Investment on a host country?
Employment generation
Exploitation of resources
Introduction of technology
Social investments in sports and charities
Which of the following statements BEST outlines the role of the European Union?
To create more job opportunities for citizens to travel
To encourage tourism in member nations
To allow free movement of goods, service, capital and people among member states
t restrict trade with non-member states
A situation where there are two sectors of an economy are at different levels of development and where one is significantly more technologically advanced than the other is called
Foreign Direct Investment
Fiscal policy
Economic Dualism
Development Dualism
NAFTA is considered a trading bloc. The MAIN aim is to
reduce poverty
eliminate trading barriers among member countries
create a cartel
provide sustainable development for member states
