Which of the following is an objective of economic integration?
Harmonization of cultural practises
Free movement of persons, goods and services
Payment of high tarrifs
Dumping of goods in less developed countries
Correct answer is B
No explanation has been provided for this answer.
In an attempt to correct a deficit balance of payment, a country may decide to increase
Domestic production
Imports
Domestic expenditure
Tax on infant industry
Correct answer is A
No explanation has been provided for this answer.
Which of the following is an invisible term?
Banking services
Petroleum products
Processed rice
Processed milk
Correct answer is A
No explanation has been provided for this answer.
The formula index of export prices/index of import prices * 100 is used to measure the
Volume of trade between countries
Direction of international trade
Commodity terms of trade
Volume of imports
Correct answer is C
No explanation has been provided for this answer.
Economic development
Economic growth
Domestic investment
Productivity
Correct answer is B
No explanation has been provided for this answer.