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Thursday, 02 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 4211:
If a country's import bill is high, she can encourage exports by ____________
  • A Allowing her currency to depreciate
  • B Allowing her currency to appreciate
  • C Liberalizing importation
  • D Increasing taxes on all locally produced goods
View Answer & Explanation
Question 4212:
If a country imposes a barrier on trade, the resultant effect will be ____________
  • A A halt in buying and selling
  • B High quality goods from local industries
  • C An increase in the demand for locally produced goods
  • D Shutdown of infant industries
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Question 4213:
A country may be able to earn more from exports if she ____________
  • A Increase her export duty
  • B Devalues her currency
  • C Increases her import duty
  • D Allows her currency to appreciate
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Question 4214:
A customs union is an economic grouping which has ____________
  • A Free movement of factors of production
  • B Common tariffs against non-Members.
  • C Common currency for trading
  • D Common military defence
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Question 4215:
Balance of payments and trade problems that arose after the world wars were resolved by the ____________
  • A International Bank tor Reconstruction and Development.
  • B International Monetary Fund.
  • C African Development Bank.
  • D Organization of Petroleum Exporting Countries.
View Answer & Explanation