economics

Which of the following is not a function of the West African Development Bank?

A. Promotion of both private and public investments in member states B. Financing and executing projects in member states C.…

6 years ago

One of the reasons why the government may erect a trade barrier is to?

A. control foreign currencies B. protect infant industries C. promote importation D. diversify the economy Correct Answer: Option B B.…

6 years ago

Balance of payments problem can be corrected through?

A. increasing foreign reserves B. increasing domestic borrowing C. import promotion strategies D. export promotion strategies Correct Answer: Option D…

6 years ago

Which of the following is true about import substitution? It

A. helps in increasing exportation B. is meant to reduce exportation C. enables a country to curtail importation D. enables…

6 years ago

When there is an improvement in a country’s terms trade, it means that the country’s?

A. exports are cheaper relative to imports B. imports are cheaper relative to exports C. volume of imports has declined…

6 years ago

Which of the following will not retard economic development in West Africa?

A. dependence on imports B. population control C. high level of illiteracy D. low level of savings Correct Answer: Option…

6 years ago

An excise tax is imposed on goods?

A. smuggled into the country B. manufactured locally C. imported into the country D. seized by custom officials Correct Answer:…

6 years ago

A situation in which the estimated government revenue is less than the proposed expenditure for a given year can be described as?

A. surplus budgeting B. supplementary budgeting C. balanced budgeting D. deficit budgeting Correct Answer: Option D D. deficit budgeting

6 years ago

The following are reasons for the failure of agricultural policies in West Africa except?

A. vague policy statements B. negation of polices C. creation of agro-service stations D. provision of obsolete implements Correct Answer:…

6 years ago

In open market operations, what the Central Banks sells or buys are?

A. shares B. debentures C. securities D. equities Correct Answer: Option C C. securities

6 years ago