economics

Devaluation of a currency in a country is likely to lead to?

A. increasing population B. increasing imports C. exports becoming cheaper D. reduced exports Correct Answer: Option C C. exports becoming…

6 years ago

Deficit in the balance of payment is financed through?

A. capital account B. current account C. invisible trade D. visible trade Correct Answer: Option A A. capital account

6 years ago

A nation’s net export is negative when her?

A. stock of goods is declining B. depreciation exceeds investment C. exports is adjusted upwards D. imports exceeds exports Correct…

6 years ago

Terms of trade is used to describe?

A. the quality of exports B. the direction of foreign trades C. purchases on deferred payment basis D. the rate…

6 years ago

International trade is based on the law of?

A. absolute cost advantage B. variable proportion C. comparative cost advantage D. mutual co-operation Correct Answer: Option C C. comparative…

6 years ago

Budget surplus implies that?

A. expenditure equals revenue B. expenditure is less than revenue C. expenditure is greater than taxation D. direct tax is…

6 years ago

The incidence of an increase in tax on a commodity with perfectly inelastic demand will be on the?

A. wholesaler B. retailer C. government D. consumer Correct Answer: Option D D. consumer

6 years ago

A market equilibrium exists when?

A. no buyer goes home empty-handed B. demand and supply are increasing C. demand and supply are equal D. the…

6 years ago

The greatest revenue earning industry in Nigeria is?

A. construction B. agriculture C. manufacturing D. mining Correct Answer: Option D D. mining

6 years ago

Which business organization enjoys a tax-free point in est Africa?

A. co-operative societies B. private limited liability companies C. joint-stock companies D. partnerships Correct Answer: Option A B. private limited…

6 years ago