Roles and relevance of international organization - Jamb Economics Past Questions and Answers

Question 21:

• JAMB 1995

The primary objective of all international economic organizations is to?

A. Ensure that third world countries get a better share of the world's resources
B. Promote international economic co-operation for the mutual benefit of all members
C. Enforce structural adjustment programmes on less developed countries
D. Encourage exports from the developed to the less developed countries

Question 22:

• JAMB 1997

An important feature of a cartel is that?

A. Members do not reduce price below the cartel price
B. Each member has a fixed output above which it is not expected to produce
C. A powerful member fixes the price at which others will sell
D. Membes fix the prices for their products

Question 23:

• JAMB 1998

The Economic Commission for Africa was set up by the?

A. UNO
B. ECOWAS
C. OAU
D. IMF

Question 24:

• JAMB 2001

The loans from the World Bank to developing countries are mainly to support?

A. The establishment of more universities
B. Capital-intensive technology
C. Infrastructural investments
D. Their low level of consumption

Question 25:

• JAMB 2002

ECOWAS has taken a giant step towards economic integration by?

A. Presenting a united front against foreign economic exploiters
B. Introducing a common currency for travellers
C. Holding frequent meeting at various state capitals
D. Increasing economic stability among members states