GCE Commerce 1990 Question 94

Question 94

Economic Integration

Which of the following arguments are in favour of establishing ECOWAS? I. The countries concerned would be able to expand market beyond their territorial boundaries II. Currency union is the final objective of member countries III. Capital movement is not allowed across the boundaries IV. Free movement across the borders of members would be allowed

  1. A.I, II and III only
  2. B.II and IV only
  3. C.I, II and IV only
  4. D.II and III only
  5. E.I and III only
Show the answer and explanation

Answer: C (I, II and IV only)

Explanation

A wider market, a common currency and free movement of people support ECOWAS; banning capital movement would not.