Objectives of Economic Integration - SS3 Economics Past Questions and Answers - page 1
What is the primary objective of economic integration?
Increase trade
Increase political tensions
Increase unemployment
Increase poverty
Which of the following is not an objective of economic integration?
Increase economic efficiency
Increase economic growth
Increase political cooperation
Increase trade barriers
How can economic integration promote economic growth?
By increasing trade and economic efficiency
By increasing political tensions
By increasing poverty
By increasing trade barriers
What can economic integration reduce between countries or regions?
Political tensions
Trade barriers
Unemployment
Poverty
What can economic integration lead to in participating countries?
Higher living standards
Increased political tensions
Higher unemployment
Increased poverty
What are the main objectives of economic integration? Provide three objectives.
The main objectives of economic integration are to increase trade, increase economic efficiency, and increase economic growth.
How can economic integration promote political cooperation? Provide two examples.
Economic integration can promote political cooperation by creating mutual economic benefits and promoting cooperation on issues such as security, the environment, and social policies. For example, countries that have integrated economically may cooperate on environmental regulations or work together to address security concerns.