Dumping in Economics means the selling of goods in a foreign market
At a price below that received in the home market
At a price above that received in the home market
At a price equal to the cost price in the home market
In order to encourage indigenious producers
At a price equal to the selling price in the home market
Correct answer is A
No explanation has been provided for this answer.
Which of the following is the approximate working age in Nigeria?
1 - 15
15 - 65
30 - 40
40 - 65
65 and above
Correct answer is B
No explanation has been provided for this answer.
International trade is necessary mainly because
No country can live in economic isolation
Different countries are endowed with the same natural; and man-made resources
Some countries have comparative cost advantage in the production of certain commodities
The world demand for and supply od various categories of commodities is expanding very fast
Countries wants to build up their foreign exchange reserve
Correct answer is C
No explanation has been provided for this answer.
A major function of the middlemen in Nigeria is the distribution of
Commodities to all consumers regardless of income
Commodities to consuming centres
Economic welfare facilities to all
Wealth to all
Income within the society
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a reason why people migrate from one place to another?
To find jobs and improve their standard of living
To live in a more suitable climate
For the sake of change and adventure
To escape from a religious. political or social situation in a country
To buy foreign goods for sale in their country
Correct answer is E
No explanation has been provided for this answer.