Get premium membership and access questions with answers, video lessons as well as revision papers.
i)May cause unemployment-Citizens of a member country may fail to get employment where more qualified
people move to other member countries.
(ii) May lead to closure of local industries/businesses - Cheap goods from other countries may flood the local market therefore forcing local industries to close down.
iii) Leads to loss of government revenue - Government of a member country losses revenue she would have collected in
terms of customs duty for imported or exported goods.
(iv) May compromise country's political ideology - If a country wants to fit in an economic bloc, she might have to change her
political ideologies to align with the other members.
(v) Loss of opportunity to obtain cheaper commodities - Due to restrictions on non-member countries, cheaper commodities from non-member countries may not reach the citizens of member countries
johnson mwenjera answered the question on February 11, 2018 at 18:51
- Explain any five challenges to under population to the country(Solved)
Explain any five challenges to under population to the country
Date posted: February 11, 2018. Answers (1)
- Discuss five measures that a business may take to safeguard and control its property(Solved)
Discuss five measures that a business may take to safeguard and control its property.
Date posted: February 11, 2018. Answers (1)
- Explain any five means of payment that are available to traders in Kenya.(Solved)
Explain any five means of payment that are available to traders in Kenya.
Date posted: February 11, 2018. Answers (1)
- Explain the various types of technology(Solved)
Explain the various types of technology.
Date posted: February 10, 2018. Answers (1)
- Define the term utility and explain its various forms
(Solved)
Define the term utility and explain its various forms
Date posted: February 9, 2018. Answers (1)
- Discuss the impacts of ICT on national development.(Solved)
Discuss the impacts of ICT on national development.
Date posted: February 8, 2018. Answers (1)
- Explain the three basic characteristics that differentiate functional tactics from business strategies (Solved)
Explain the three basic characteristics that differentiate functional tactics from business strategies.
Date posted: February 8, 2018. Answers (1)
- Discuss the various ways in which a firm can evaluate corporate performance(Solved)
Discuss the various ways in which a firm can evaluate corporate performance.
Date posted: February 8, 2018. Answers (1)
- What is the relationship between consumer needs and product utility?(Solved)
What is the relationship between consumer needs and product utility?
Date posted: February 5, 2018. Answers (1)
- Enumerate four ways in which economic resources are useful to Kenyans(Solved)
numerate four ways in which economic resources are useful to Kenyans.
Date posted: January 31, 2018. Answers (1)
- On Monday, Albert inspected Betty’s car at her house in Rongai and offered to pay ksh 3,000,000 for it. Betty wanted Ksh 3,500,000. Later...(Solved)
On Monday, Albert inspected Betty’s car at her house in Rongai and offered to pay ksh 3,000,000 for it. Betty wanted Ksh 3,500,000. Later in the day, Betty wrote to Albert and stated that she would take Ksh 3,200,000. The letter was received by Albert at his home on Tuesday morning. At 4.00 pm on Tuesday afternoon, Albert at his office in Westlands wrote a letter to Betty accepting her offer. On his way to post the letter Albert met Cuthbert who told him, ‘I gather that Betty has finally sold her car.’ Betty had, indeed, sold the car. Albert posted his letter and, upon arriving home in Rongai, discovered a message on his answer phone from Betty. The message had been left at 3.00 pm; Betty had stated, ‘I withdraw my offer.’ Albert bought a similar car for Ksh 4,000,000.
Advise Albert.
Date posted: January 28, 2018. Answers (1)
- What is light pollution?(Solved)
What is light pollution?
Date posted: January 28, 2018. Answers (1)
- State circumstances under which a cheque may be dishonored.(Solved)
State circumstances under which a cheque may be dishonored.
Date posted: January 27, 2018. Answers (1)
- Discuss the type,functions and jurisdiction and compositions of Kenyan court(Solved)
Discuss the type,functions and jurisdiction and compositions of Kenyan court.
Date posted: January 26, 2018. Answers (1)
- Explain five disadvantages that a country may face if she restricted
trade with other countries(Solved)
Explain five disadvantages that a country may face if she restricted
trade with other countries
Date posted: January 26, 2018. Answers (1)
- Explain five guidelines that may be used by the government of a
country to promote efficient use of her resources. (Solved)
Explain five guidelines that may be used by the government of a
country to promote efficient use of her resources.
Date posted: January 26, 2018. Answers (1)
- Explain five methods of determining the price of a product other than price control(Solved)
Explain five methods of determining the price of a product other
than price control
Date posted: January 26, 2018. Answers (1)
- Explain five advantages of government involvement in business.(Solved)
Explain five advantages of government involvement in business.
Date posted: January 26, 2018. Answers (1)
- Explain five factors that may promote entrepreneurship in Kenya.(Solved)
Explain five factors that may promote entrepreneurship in Kenya.
Date posted: January 26, 2018. Answers (1)
- Outline four characteristics of services(Solved)
Outline four characteristics of services
Date posted: January 26, 2018. Answers (1)