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Economics Past Questions and Answers

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Economics Questions

Question 2776:

Terms of trade is used to describe

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A The quality of exports
B The direction of foreign trades
C Purchases on deferred payment basis
D The rate at which exports exchange for imports

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Question 2777:

A nation's net export is negative when her

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A Stock of goods is declining
B Depreciation exceeds investment
C Exports is adjusted upwards
D Imports exceeds exports

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Question 2778:

Deficit in the balance of payment is financed through

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A Capital account
B Current account
C Invisible trade
D Visible trade

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Question 2779:

Devaluation of a currency in a country is likely to lead to

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A Increasing population
B Increasing imports
C Exports becoming cheaper
D Reduced exports

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Question 2780:

which of the following is not a benefit derived by Nigeria from the petroleum industry?

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A Increased foreign exchange earning
B Establishment of refineries and petrochemical industries
C Employment of a greater proportion of the population
D Development of airports, seaports and other social infracstructures

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