economics

The Economic Commission for Africa was set up by the?

A. UNO B. ECOWAS C. OAU D. IMF Correct Answer: Option A - UNO

5 years ago

If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?

A. a rise in the external value of its currency B. a fall in the external value of its currency…

5 years ago

If a country has a balance of payments surplus on current account, this means that?

A. total invisible export is greater than invisible import B. the value of goods exported must be greater than the…

5 years ago

The balance of visible trade is the difference between the values of?`

A. imported and exported goods B. imported and exported services C. current account and capital account D. exchange rate of…

5 years ago

Development plans have not been successful in some developing countries largely because of?

A. very large working population B. increase level of consumption C. scarcity of industrial raw materials D. shortage of skilled…

5 years ago

One of the major consequences of urban-biased development programmes in Nigeria is that they?

A. led o rapid rural-urban migration B. led to an unprecedented urban wealth C. transformed rural areas into urban centres…

5 years ago

If a government wants to reduce the level of inflation, it will?

A. run a budget surplus B. run a budget deficit C. run a balanced budget D. borrow more money Correct…

5 years ago

When an indirect tax is levied on the producer of a good, the burden on the consumer will depend largely on the?

A. elasticity of demand for the good B. proportion of the consumer's income spent on the good C. elasticities of…

5 years ago

An increase in government expenditure will lead to?

A. investment opportunities for foreign investors B. an increase in the level of aggregate demand C. an increase in total…

5 years ago