Search SchoolNGR

Tuesday, 07 April 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 1236:
In international trade, shipping and other freight charges are treated as?
  • A Invisible items
  • B Unilateral transfers
  • C Capital transactions
  • D Autonomous capital transactions
View Answer & Explanation
Question 1237:
A situation in which a commodity is sold abroad below its cost of production in the home country is known as?
  • A Dumping
  • B Counter trade
  • C Bilateral trade
  • D Trade liberalization
View Answer & Explanation
Question 1238:
The borrowing rights of a member country of the international Monetary Fund are determined by?
  • A The seriousness of the country's economic problems
  • B Its balance of payments position
  • C Its quota to the fund
  • D The size of gold reserve
View Answer & Explanation
Question 1239:
The diagram represents a production function. At which of the points does diminishing returns set in
  • A I
  • B J
  • C K
  • D L
View Answer & Explanation
Question 1240:
If the economy of the country is operating at X, the implication is that
  • A The productive capacity is being fully utilized
  • B The productive capacity is not being fully utilized
  • C Too little of consumer goods is being produced
  • D There is a disequilibrium between the production of capital and consumer goods
View Answer & Explanation