Which of the following is likely to hinder labour mobility in Nigeria?
Higher wages elsewhere
Cultural similarities
Good accommodation elsewhere
Ignorance of job opportunities elsewhere
Correct answer is B
No explanation has been provided for this answer.
Import duties will increase total expenditure on imports, if the demand for imports is
Elastic
Inelastic
Infinitely elastic
Derived
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a tariff?
Limit on the amount of goods which can be imported
Interest rate on foreign loans
Government payment to domestic producers for exports
Tax on imported goods
Correct answer is D
No explanation has been provided for this answer.
Which of the following is likely to reduce a surplus in the balance of payments of a country?
Devaluation
Increased tariff on imports
Export promotion
Currency appreciation
Correct answer is D
No explanation has been provided for this answer.
Balance of trade is the difference between
Exports and imports of goods and services
Capital inflows and capital outflows
Visible and invisible balances
Exports and imports of goods
Correct answer is D
No explanation has been provided for this answer.