The Main Challenge Facing the Caribbean Community and Common Market

question 52

Multiple Choice

The main challenge facing the Caribbean Community and Common Market (CARICOM) is ________.

• A)that the bloc has not yet signed an agreement calling for a single market
• B)that military conflicts continue to hamper efforts to move toward political union
• C)that most members trade more with non-members than they do with each other
• D)the difficulty in persuading Chile to become a member

---

Definitions:

Unearned Income

Income received by an individual or a company for which the services have not yet been performed or goods have not yet been delivered. It is considered a liability until the services or goods are provided.

Direct Financing Lease

A lease agreement where the lessor purchases the leased asset specifically for the lease and all financial risks and rewards are transferred to the lessee.

Periodic Rate of Return

The rate at which an investment grows during each accounting period, often utilized to compare the profitability or yield of different investments over a set time frame.

Net Investment

The total amount spent on purchasing fixed assets less any disposals, also considering adjustments for depreciation or impairments.