The exchange of goods and services across countries can be described as
Bi-lateral trade
Multilateral trade
National trade
Home trade
Correct answer is B
No explanation has been provided for this answer.
Balance of payment deficit can be corrected by
Purchasing foreign assets
Accumulating foreign reserves
Export promotion measures
Import promotion measures
Correct answer is C
No explanation has been provided for this answer.
Which of the following is associated with the development of petroleum industry in Nigeria?
Neglect of agriculture
Increase in population growth
Increase in the rate of unemployment
Decrease in the rate of inflation
Correct answer is A
No explanation has been provided for this answer.
An ad volarem tax refers to a tax
Imposed on exports
On goods manufactured in the country
Based on the value of the commodity
Levied on income
Correct answer is C
No explanation has been provided for this answer.
A greater burden of tax on a product with high price elasticity of demand rests mainly on the
Producer
Teacher
Civil servant
Middlemen
Correct answer is A
No explanation has been provided for this answer.