JAMB 2017 Economics · Question 43

Which of the following statement is TRUE about ECOWAS?

Options

  1. A.The aim of ECOWAS is to ensure economic stability
  2. B.Bigger state in the community dominate the small state
  3. C.Members of the ECOWAS community can form cartel and create monopolies
  4. D.English is the only official language of ECOWAS

Answer: A. The aim of ECOWAS is to ensure economic stability

Explanation written with AI and checked against the answer key

Step 1: Analyze the question We need to pick the one statement that is TRUE about ECOWAS (Economic Community of West African States).

Step 2: Key facts about ECOWAS

  • Founded on 28 May 1975 through the Treaty of Lagos.
  • Its main aim is to promote economic integration, cooperation and development among West African states. This includes removing trade barriers, allowing free movement of people and goods, and promoting economic stability and growth.
  • It operates on the principle of equality of member states, and its official languages are English, French and Portuguese.

Step 3: Evaluate each option

  • A. The aim of ECOWAS is to ensure economic stability: TRUE. ECOWAS promotes economic integration, cooperation and stability in the sub-region. It also has a monetary-cooperation agenda, including the planned "Eco" currency.
  • B. Bigger states dominate the small states: FALSE. Members are legally equal, and the community is designed to prevent domination, even though larger economies like Nigeria have more influence in practice.
  • C. Members can form cartels and create monopolies: FALSE. ECOWAS promotes free trade and competition. Cartels and monopolies work against its goals.
  • D. English is the only official language: FALSE. ECOWAS uses English, French and Portuguese, reflecting the colonial history of its members.

Step 4: Answer The correct option is A.

Tip: For "which statement is true" questions on international organisations, look for the option that matches the organisation's purpose. Options with words like "only", "dominate" or "monopoly" are usually traps. For ECOWAS, remember Economic integration, Cooperation, and Stability, plus three official languages (English, French, Portuguese).

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