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841
One advantages if international trade is that
  • A. countries depend on each other
  • B. it introduces variation in prices
  • C. it increases demand for foreign goods
  • D. it makes variety of goods available
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842
The practice of selling goods overseas and often below the cost of production is known as
  • A. retailing
  • B. dumping
  • C. internal trade
  • D. advertising
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843
A summary of all the receipts and payments of a country in international transaction is called
  • A. terms of trade
  • B. balance of payment
  • C. balance of payment adjustment
  • D. capital account
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844
Which of the following countries export cocoa?
  • A. Liberia and The Gambia
  • B. Ghana and Sierra Leone
  • C. Nigeria and Ghana
  • D. Sierra Leone and Nigeria
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845
Which of the following are examples of transfer payments?
  • A. gifts and donations
  • B. rents and rates
  • C. profits and dividends
  • D. internal and external debts
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