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JAMB Economics 2004 Question 24

Question 24

International Economic Organisations

The European Union was formed to

  1. A.promote free trade within member nations
  2. B.promote economic integration in non-member countries
  3. C.assist countries to achieve their economic goals
  4. D.finance development projects in member nations
Show the answer and explanation

Answer: A (promote free trade within member nations)

Explanation

The EU began as a common market to remove trade barriers among its member countries.