WASSCE Economics · Paper 1 style

International organisations

One sample question with the full working. 3 more in the app, with instant feedback and repair sessions for the traps below.

The main aim of ECOWAS is to

Acontrol world oil prices
Bpromote economic integration and cooperation among West African states
Cprovide loans for balance-of-payments problems
Dregulate world trade rules

Show the answer and working

Answer: B

Free movement of goods, people and services.

Trap A Picks a closely related concept: Learn related terms as contrasting pairs with one-line definitions, and identify which one the stem describes.

Trap C Confuses international economic organisations: IMF: short-term balance-of-payments support. World Bank (IBRD): long-term development loans. WTO: rules of world trade. OPEC: oil-exporters' production policy. ECOWAS: West African economic integration.

Trap D Picks a closely related concept: Learn related terms as contrasting pairs with one-line definitions, and identify which one the stem describes.

Traps in International organisations

Picks a closely related concept
Learn related terms as contrasting pairs with one-line definitions, and identify which one the stem describes.
Confuses international economic organisations
IMF: short-term balance-of-payments support. World Bank (IBRD): long-term development loans. WTO: rules of world trade. OPEC: oil-exporters' production policy. ECOWAS: West African economic integration.
Exchange rate misconceptions
Devaluation lowers the value of the home currency: exports become CHEAPER abroad and imports DEARER at home. Success needs elastic demand (Marshall–Lerner).

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