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JAMB Economics 1986 Question 46

Question 46

International Economic Organisations

ECOWAS will enable the countries involved to achieve

  1. A.comparative political advantage over other countries not in the region
  2. B.a large market for their products
  3. C.military superiority over countries not in the region
  4. D.lower the transportation cost of goods within the region.
Show the answer and explanation

Answer: B (a large market for their products)

Explanation

ECOWAS removes trade barriers among member states, giving their producers a much bigger market.