Post Utme Commerce Questions
Question 131:
Imports greater than exports result in:
- A Adverse balance of trade
- B Invisible surplus
- C Favourable terms of trade
- D Favourable balance of trade
Question 132:
One common feature of trade associations and chambers of commerce is that both:
- A Eliminate industrial production
- B Promote business development interests
- C Reduce commercial cooperation
- D Prevent product marketing
Question 133:
An association formed by transport owners mainly seeks to:
- A Eliminate commercial activities
- B Prevent industrial development
- C Protect transportation business interests
- D Reduce market cooperation levels
Question 134:
One major importance of trade associations to consumers is:
- A Elimination of customer rights
- B Prevention of business ethics
- C Reduction of market competition
- D Improvement in product standards
Question 135:
One major importance of manufacturers’ associations is:
- A Prevention of market expansion
- B Promotion of industrial standards
- C Elimination of production systems
- D Reduction of technological growth