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Economics Past Questions

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4361

A measure that can be adopted to correct a country 's balance of payments deficit is ____________

  • A. Allow the currency to appreciate to encourage imports.
  • B. Allow the currency to depreciate to encourage imports
  • C. Adopt import substitution strategy
  • D. Restrict trade with all countries
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4362

Records of a country's invisible trade are recorded in her_____________-

  • A. Trade account.
  • B. Capital account.
  • C. Current account
  • D. Financial account.
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4363

If a country's import bill is high, she can encourage exports by___________

  • A. Allowing her currency to depreciate
  • B. Allowing her currency to appreciate
  • C. Liberalizing importation
  • D. Increasing taxes on all locally produced goods
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4364

If a country imposes a barrier on trade, the resultant effect will be _________

  • A. a halt in buying and selling
  • B. high quality goods from local industries
  • C. an increase in the demand for locally produced goods
  • D. shutdown of infant industries
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4365

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

  • A. increase her export duty
  • B. devalues her currency
  • C. increases her import duty
  • D. allows her currency to appreciate
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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