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:

Isoquant

An isoquant is a curve depicting all combinations of inputs which produce the same level of output, used in the study of production theory.

Production Functions

A formula that relates the output of goods and services to the inputs used in their production.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or the physical factors of production.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or physical factors of production.