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1796
Term of trade is the
  • A. ratio of capital movement to export movements
  • B. ratio of import to short-term export
  • C. difference between export and import
  • D. ratio of short-term capital movement to long-term capital movements
  • E. ratio of index of export prices to index of import prices
View Answer & Discuss (3) WAEC 1997
1797
Tariff can be define as a compulsory levy on
  • A. goods that are produced and consumed locally
  • B. foreign exchange earnings
  • C. imported but inferior goods
  • D. foreigners working in a country
  • E. imports and exports
View Answer & Discuss WAEC 1997
1798
international trade is different from internal trade because of the
  • A. manufactured goods involved
  • B. currency differentials
  • C. homogeinty of products
  • D. heterogeinty of products
  • E. uniformity of prices
View Answer & Discuss WAEC 1997
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1799
which of the following is not a visible item in international trade payments?
  • A. payments for imported cars
  • B. receits from cocoa exports
  • C. receipts from oil exports
  • D. payments for steel imports
  • E. payments to foreign shipping companies
View Answer & Discuss WAEC 1997
1800
the study of Economics enables the individuals to
  • A. be misserly in the spending of his money
  • B. derive maximum satisfaction from the money he spends
  • C. determines the right market to visit
  • D. avoids purchase of luxurious items
  • E. derive solution to all problems
View Answer & Discuss WAEC 1998
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