Commerce Past Questions and Answers

The relationship between a country's total receipts and payments in international trade in a given year is called?

Division of labour is limited by?

(a) In what ways does transport aid trade?
(b) Explain the following in connection with water transport:
(i) freight
(ii) charter party.

Describe five measures each which a government may take to:
(a) restrict imports
(b) promote exports.

Mention and explain five functions performed by the Central Bank of Nigeria showing how they facilitate commercial activities.