economics

The Economic Community of West African States (ECOWAS) has been slow in achieving its objective because of?

A. political instability in member state B. the activities of multinationals C. inadequate personnel at the secretariat D. inadequate international…

6 years ago

Which of the following is excluded when making national income?

A. dividends B. wage and salaries C. transfer of payments D. profits Correct Answer: Option C C. transfer of payments

6 years ago

The national income of a country can be estimated by the?

A. cost-benefit method B. distribution method C. expenditure method D. consumption method Correct Answer: Option C C. expenditure method

6 years ago

Development planning which takes an overall view of the economy is described as?

A. aggregate economic planning B. disaggregate economic planning C. sectorial economic planning D. system economic planning Correct Answer: Option A…

6 years ago

A surplus in the balance of payment should be used to?

A. subsidized multinational companies B. build infrastructures for friendly nations C. make donations to developed countries D. buy investment overseas…

6 years ago

Which of the following item is under the capital account of a balance of payment?

A. repayment of foreign loans B. visible imports C. invisible exports D. cocoa exports Correct Answer: Option A A. repayment…

6 years ago

A policy by which government restricts the amount of foreign currencies bought and sold is known as?

A. devaluation B. credit creation C. exchanging control D. export promotion Correct Answer: Option C C. exchanging control

6 years ago

Trade among West African countries is poor because of the?

A. countries are self-sufficient B. communication links are weak C. number of banks is insufficient D. people are not enterprising…

6 years ago

International trade is an application of the principle of?

A. industrial production B. mass production C. regional co-operation D. comparative cost advantage Correct Answer: Option D D. comparative cost…

6 years ago

One disadvantage of direct tax is that?

A. government's revenue is reduced B. price of essential commodities fall C. people are discouraged from additional work D. firms…

6 years ago