A rise in the external value of its currency
A fall in the external value of its currency
An increase in the volume of imports
The consumption of more foreign goods
Correct answer is B
No explanation has been provided for this answer.
If a country has a balance of payments surplus on current account, this means that
Total invisible export is greater than invisible import
The value of goods exported must be greater than the value of goods imported
There must be a positive balance of capital account
The aggregate of the balance of trade and the invisible balance must be positive
Correct answer is D
No explanation has been provided for this answer.
The balance of visible trade is the difference between the values of
Imported and exported goods
Imported and exported services
Current account and capital account
Exchange rate of local and foreign currencies
Correct answer is A
No explanation has been provided for this answer.
Development plans have not been successful in some developing countries largely because of
Very large working population
Increase level of consumption
Scarcity of industrial raw materials
Shortage of skilled labour and experts
Correct answer is D
No explanation has been provided for this answer.
One of the major consequences of urban-based development programmes in Nigeria is that they
Led to rapid rural-urban migration
Led to unprecedented urban wealth
Transformed rural areas into urban centres
Increased the level of specialized manpower in the cities
Correct answer is A
No explanation has been provided for this answer.