International Economic Organizations
Economics · 50 practice questions
Roles and relevance to Nigeria of international organizations such as ECOWAS, AU, EU, ECA, IMF, EEC, OECD, the World Bank, IBRD, WTO, ADB and UNCTAD.
- Identify the various international economic organizations and their functions.
- Evaluate their relevance to the Nigerian economy.
Try a few questions
- Practice question 1
A common criticism of World Bank/IMF structural adjustment programmes (SAPs) in countries like Nigeria has been that they
- A.often caused short-term hardship, such as subsidy removal and devaluation, before any long-term gain
- B.always produced immediate prosperity with no hardship
- C.had no effect on the domestic economy at all
- D.were entirely funded by the recipient country itself
Show the answer
A. often caused short-term hardship, such as subsidy removal and devaluation, before any long-term gain
SAPs frequently imposed painful short-term adjustment costs.
- Practice question 2
The World Health Organization (WHO) has economic relevance mainly through its role in
- A.setting the exchange rate of member currencies
- B.managing international trade tariffs
- C.shaping global health policy that affects labour productivity and healthcare spending
- D.coordinating global oil production
Show the answer
C. shaping global health policy that affects labour productivity and healthcare spending
Health outcomes WHO influences directly affect workforce productivity and spending.
- Practice question 3
The United Nations Conference on Trade and Development (UNCTAD) mainly aims to
- A.promote the trade and development interests of developing countries
- B.restrict developing countries from trading internationally
- C.manage the currencies of developed nations
- D.provide military peacekeeping forces
Show the answer
A. promote the trade and development interests of developing countries
UNCTAD advocates for developing countries in global trade and development.
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