A major advantage of industrialization is that it
Leads to self-reliance
Curbs inflation
Leads to growth and development
Improves the terms of trade
Correct answer is C
No explanation has been provided for this answer.
Mobility of labour is higher when there
Is a monopoly of jobs in one location
Is intense competition for jobs in the same location
Are alternative jobs in the same location
Are no alternative jobs in the same location
Correct answer is C
No explanation has been provided for this answer.
The organization whose aim is to solve the trade problems of less developed nations is
UNCTAD
OECD
UNECA
WTO
Correct answer is A
No explanation has been provided for this answer.
Import substitution policy is used to
Protect local industries
Check government expenditure
Correct the balance of payments problem
Encourage increased volume of trade
Correct answer is C
No explanation has been provided for this answer.
The exchange rate determined by market forces is known as
Pegged exchange rate
Floating exchange rate
Fixed exchange rate
Dual exchange rate
Correct answer is B
No explanation has been provided for this answer.