ECOWAS plans to merge with the WAEMU by 2004 . Which of the ...

[lb_gilbert]

ECOWAS plans to merge with the WAEMU by 2004 . Which of the following is not a convergence criteria for the merger?
 a. ECOWAS members must control inflation to 5.
  b. ECOWAS countries must have a maximum budget deficit-to-GDP ration of 4
  c. Central bank financing of the budget deficit is limited to 10 of the previous year's tax revenue
  d. All of the above are required.

Question 2

Despite research proving that consumers preferred the taste of New Coke, its intorduction to the market was a failure because people did not want the old formulation to be discontinued. This failure could have been avoided if:
 a. researchers had concentrated on advocacy research.
  b. researchers had broadened the sample population.
  c. researchers had defined the problem differently.
  d. researchers had changed the method for the taste tests.
  e. researchers had focused on novelty rather than taste.

[Pswine]

Answer to Question 1

D
ECOWAS has set up a monetary union and has committed to adopting a common currency by 2003 . It also plans to merge with the WAEMU. It has pledged to meet stringent convergence criteria, such as 5 inflation, a maximum budget deficit-to-GDP ratio of 4, and central bank financing of the budget deficit limited to 10 of the previous year's tax revenue, among others.

Answer to Question 2

C

[lb_gilbert]

Thank you

[Pswine]

Happy to help you