Economics Questions and Answers
Economics questions and answers to help you prepare for JAMB, WAEC, NECO, Post UTME and job aptitude tests or interviews.
Economics questions and answers to help you prepare for JAMB, WAEC, NECO, Post UTME and job aptitude tests or interviews.
Examples of land that are non-renewable include__________
Marshy and water-logged land
Farmland already used tor many years
Some natural resources such as natural gas
Oxygen and carbon dioxide in the atmosphere
Correct answer is C
No explanation has been provided for this answer.
A customs union is an economic grouping which has__________
Free movement of factors of production
Common tariffs against non-Members
Common currency for trading
Common military defence
Correct answer is B
No explanation has been provided for this answer.
A country may be able to earn more from exports if she_____________
Increase her export duty
Devalues her currency
Increases her import duty
Allows her currency to appreciate
Correct answer is B
No explanation has been provided for this answer.
If a country imposes a barrier on trade, the resultant effect will be ________
A halt in buying and selling
High quality goods from local industries
An increase in the demand for locally produced goods
Shutdown of infant industries
Correct answer is C
No explanation has been provided for this answer.