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Economics Past Questions and Answers

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Economics Questions

Question 3646:

Dumping in international occurs when a foreign firm sells

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A Above its cost of production at home and abroad
B Below its cost of production at home and abroad
C More goods to a country than the country has need of
D Below its cost of production in a foreign market

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Question 3647:

Infant industries can be described as?

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A Newly established industries
B Industries enjoying tax holidays
C Industries producing baby products
D Newly commercialized industries

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Question 3648:

Modern international trade is based on the principle of?

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A Absolute cost advantage
B Comparative advantage
C Terms of trade
D Balance of trade

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Question 3649:

which of the following terms of trade is recorded in a country's current account section of the balance of payments

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A Investment income
B Foreign direct investment
C Longterm capital flows
D Long-term loans

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Question 3650:

one problem facing the economic integration of countries in west Africa is the

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A Presence of large and developed market
B Uneven development among west African countries
C Existence of different central banks in the countries
D Fairly of labour to move freely in the country

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