Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 4066:

A country is allowed to import just 50,000 tonnes of rice annually. This describes ____________

SchoolNGR Classroom

A Devaluation
B Tariff
C Embargo
D Quota

View Answer & Explanation

Question 4067:

Dumping is selling goods in a foreign market at a price ____________

SchoolNGR Classroom

A Below what is sold at the home market
B Above what is sold at the home market.
C Equal to what is sold at the home market
D Equal to the cost of producing the goods

View Answer & Explanation

Question 4068:

The principle of comparative advantage encourages a country to ____________

SchoolNGR Classroom

A Produce only consumer goods
B Engage in trade if it can produce a commodity at a lower cost
C Specializes in the production of all goods
D Try as much as possible to be self-sufficient

View Answer & Explanation

Question 4069:

The foremost objective of the International Bank of Reconstruction and Development (IBRD) is to ____________

SchoolNGR Classroom

A Help promote private and public investments
B Assist members achieve a balance of payments stability
C Grant long term loans for infrastructure
D Maintain stabilily of foreign exchange

View Answer & Explanation

Question 4070:

In order to discourage the importation of manufactured goods, a country should adopt

SchoolNGR Classroom

A Import promotion strategy
B Export led strategy
C Liberal foreign exchange
D Import substitution strategy

View Answer & Explanation

Stay Updated

Follow us on:

Subjects