Search SchoolNGR

Thursday, 02 July 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 3536:
A concious effort of government to achieve a specific set of goals is?
  • A Economic planning
  • B Economic development
  • C Economic growth
  • D Economic target
View Answer & Explanation
Question 3537:
A country has favourable terms of trade when the prices of her
  • A Exports rises relative to the price of her imports
  • B Exports falls relative to the price of her imports
  • C Imports rise faster than the prices of imports
  • D Imports and exports move in the same direction
View Answer & Explanation
Question 3538:
The abolition of all forms of trade barriers among member countries while maintaining common external tariffs against non members is a feature of a
  • A Free trade
  • B Custom union
  • C Common market
  • D Economic union
View Answer & Explanation
Question 3539:
In order to correct adverse balance of payments problem, government should?
  • A Reduce tariffs
  • B Increase subsidies on exports
  • C Increase tax on local industries
  • D Reduce personal income tax
View Answer & Explanation
Question 3540:
which of the following is a benefit to a member country of World Bank?
  • A Easy access to long term loans
  • B Management of foreign exchange
  • C Mediating in labour dispute
  • D Financing balance of payment deficit
View Answer & Explanation