Roles And Relevance Of International Organizations Jamb Economics Past Questions

Question 1

The organization whose aim is to solve the trade problems of less developed nations is

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  • A. UNCTAD
  • B. OECD
  • C. UNECA
  • D. WTO
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Question 2

The European Union was formed to

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  • A. promote free trade within member nations
  • B. promote economic integration in non-member countries
  • C. assist countries to achieve their economic goals
  • D. finance development projects in member nations
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Question 3

The line labelled M in the diagram above represent

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  • A. total cost
  • B. fixed cost
  • C. variable cost
  • D. average cost
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