Objectives of Economic Integration - SS3 Economics Past Questions & Answers - page 1

1

What is the primary objective of economic integration?

A

Increase trade

B

Increase political tensions

 

C

Increase unemployment

D

Increase poverty

CORRECT OPTION: a
2

Which of the following is not an objective of economic integration?

A

Increase economic efficiency

B

Increase economic growth

 

C

Increase political cooperation

D

Increase trade barriers

CORRECT OPTION: d
3

How can economic integration promote economic growth?

A

 By increasing trade and economic efficiency

B

By increasing political tensions

 

C

By increasing poverty

D

By increasing trade barriers 

CORRECT OPTION: a
4

What can economic integration reduce between countries or regions?

A

Political tensions

B

Trade barriers

 

C

Unemployment

D

Poverty

CORRECT OPTION: a
5

What can economic integration lead to in participating countries?

A

Higher living standards

B

Increased political tensions

 

C

Higher unemployment

D

Increased poverty

CORRECT OPTION: a
6

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.

 

7

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.

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