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4 marksEconomic Integration

CAPE Economics Unit 2 · 2006 · Paper 2 · Question 6(a)(ii)

Using appropriate examples, explain the term 'Customs union'.

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  1. 6(a)(i)Using appropriate examples, explain the term 'Free-trade area'.[4 marks]
  2. 6(a)(iii)Using appropriate examples, explain the term 'Common market'.[4 marks]
  3. 6(b)(i)a)Describe, briefly, CARICOM.[3 marks]
  4. 6(b)(i)b)Describe, briefly, CSME.[3 marks]
  5. 6(b)(i)c)Describe, briefly, FTAA.[3 marks]
  6. 6(b)(ii)Outline THREE objectives of Caribbean integration.[9 marks]
  7. 6(c)Discuss FOUR advantages to CARICOM member states arising from the free movement of factors of production — goods, services, capital and people — under the CSME.[20 marks]

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