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746

The main objective of the Economic Community of West African State is to?

  • A. estabilish a West African Development Bank
  • B. create a West African army
  • C. introduce a common currency for the sub-region
  • D. promote the free movement of persons, goods and services within the sub-region
View Answer & Discuss (2) JAMB 1994
747
In international trade, shipping and other freight charges are treated as?
  • A. invisible items
  • B. unilateral transfers
  • C. capital transactions
  • D. autonomous capital transactions
View Answer & Discuss JAMB 1994
748
A situation in which a commodity is sold abroad below its cost of production in the home country is known as?
  • A. dumping
  • B. counter trade
  • C. bilateral trade
  • D. trade liberalization
View Answer & Discuss JAMB 1994
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749
The borrowing rights of a member country of the international Monetary Fund are determined by?
  • A. the seriousness of the country's economic problems
  • B. its balance of payments position
  • C. its quota to the fund
  • D. the size of gold reserve
View Answer & Discuss JAMB 1994
750
The ultimate objective of Economics is to?
  • A. make effort to understand how the Economy works
  • B. make the best use of scarce resources
  • C. organize production at the lowest cost
  • D. decide under what circumstances the government should intervene inthe economy
View Answer & Discuss (4) JAMB 1995
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