by Sunday | Nov 7 | Economics WAEC
A. reduction of personnel income tax B. removal of imports duties C. use of foreign exchange control D. liberalization of credit for importers Correct Answer: Option C C. use of foreign exchange control Explanation Foreign exchange control is the procedure by which a...
by Sunday | Nov 7 | Economics WAEC
A. net exports tend to increase B. imports tend to increase C. net exports tend to decrease D. export tend to be stable Correct Answer: Option A A. net exports tend to increase
by Sunday | Nov 7 | Economics WAEC
A. at par with payments for imports B. greater than payment for imports C. less than payment for imports D. proportional to payments for imports Correct Answer: Option B Explanation BALANCE OF PAYMENTS SURPLUS: An imbalance in a nation’s balance of...
by Sunday | Nov 7 | Economics WAEC
A. trade balance B. balance of payment C. term of trade D. balance on the current account Correct Answer: Option C C. term of trade Explanation Terms of trade, the relationship between the prices at which a country sells its exports and the prices paid for its...
by Sunday | Nov 7 | Economics WAEC
A. David Ricardo B. Alfred Marshal C. J. S Mill D. Adam Smith Correct Answer: Option A A. David Ricardo Explanation David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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