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.
If a country's import bill is high, she can encourage exports by__________
Allowing her currency to depreciate
Allowing her currency to appreciate
Liberalizing importation
Increasing taxes on all locally produced goods
Correct answer is A
No explanation has been provided for this answer.
Records of a country's invisible trade are recorded in her_____________.
Trade account
Capital account
Current account
Financial account
Correct answer is C
No explanation has been provided for this answer.
A measure that can be adopted to correct a country 's balance of payments deficit is ___________
Allow the currency to appreciate to encourage imports
Allow the currency to depreciate to encourage imports
Adopt import substitution strategy
Restrict trade with all countries
Correct answer is C
No explanation has been provided for this answer.
A floating exchange rate means that the exchange rate is fixed by the _________
Central bank of the country
Forces of demand and supply
International monetary fund (IMF)
Ministry of Finance
Correct answer is B
No explanation has been provided for this answer.
People who dispose of their assets are expected to pay _____________
Value added tax
Capital gains tax
Expenditure tax
Sales tax
Correct answer is B
No explanation has been provided for this answer.