A. competing for demand for scarce resources B. an increase in the demand for more goods and services C. the…
A. change jobs B. evades taxes C. accumulate huge wealth D. make rational decisions Correct Answer: Option D D. make…
A. Economic Commission for Africa B. Economic Community of Africa C. Exporting Countries of Africa D. Economic Conference on Africa…
A. gifts and donations B. rents and rates C. profits and dividends D. internal and external debts Correct Answer: Option…
A. Liberia and The Gambia B. Ghana and Sierra Leone C. Nigeria and Ghana D. Sierra Leone and Nigeria Correct…
A. terms of trade B. balance of payment C. balance of payment adjustment D. capital account Correct Answer: Option B…
A. retailing B. dumping C. internal trade D. advertising Correct Answer: Option B B. dumping
A. countries depend on each other B. it introduces variation in prices C. it increases demand for foreign goods D.…
A. marginal cost advantage B. comparative cost disadvantages C. comparative cost advantage D. absolute cost Correct Answer: Option C C.…
A. Construction, manufacturing and banking B. Shipping, trading and fishing C. Power, telecommunication and sports D. Extraction, farming and tourism…