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4921

A country may be able to earn more from exports if she

 

  • A. allows her currency to appreciate
  • B. increases her export
  • C. devalues her currency
  • D. increases her import duty
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4922

A customs union is an economic grouping which has

 

  • A. common military defence
  • B. common tariffs against non-members
  • C. free movement of factors of production
  • D. common currency for trading
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4923

Balance of payments and trade problems that arose after the world wars were resolved by the

 

 

  • A. International Monetary Fund
  • B. African Development Bank
  • C. Organization of Petroleum Exporting Countries
  • D. International Bank for Reconstruction and Development
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4924

Examples of land that are non-renewable include

 

  • A. marshy and water-logged land
  • B. some natural resources such as natural gas
  • C. oxygen and carbon dioxide in the atmosphere
  • D. farmlands already used for many years
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4925

Abundant natural resources do not contribute to economic growth in developing countries because of

 

  • A. urban congestion
  • B. high rate of inflation
  • C. over-reliance on multiple commodities
  • D. mismanagement and corruption
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