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Economics Past Questions and Answers

Economics Questions

Question 2886:
The act of selling goods in foreign markets at prices below those charged at home market is called
  • A Exchange
  • B Specialization
  • C Dumping
  • D Exporting
View Answer & Explanation
Question 2887:
Taxes levied on commodities are
  • A Direct taxes
  • B Indirect tax
  • C Poll tax
  • D Investment taxes
View Answer & Explanation
Question 2888:
One disadvantages of direct tax is that
  • A Government's revenue is reduced
  • B Price of essential commodities fall
  • C People are discouraged from additional work
  • D Firms make more profit
View Answer & Explanation
Question 2889:
International trade is an application of the principle of
  • A Industrial production
  • B Mass production
  • C Regional co-operation
  • D Comparative cost advantage
View Answer & Explanation
Question 2890:
Trade among West African countries is poor because the
  • A Countries are self-sufficient
  • B Communication links are weak
  • C Number of banks is insufficient
  • D People are not enterprising
View Answer & Explanation