Question 4211:

• WAEC 2021

If a country's import bill is high, she can encourage exports by ____________

A. Allowing her currency to depreciate
B. Allowing her currency to appreciate
C. Liberalizing importation
D. Increasing taxes on all locally produced goods

Question 4212:

• WAEC 2021

If a country imposes a barrier on trade, the resultant effect will be ____________

A. A halt in buying and selling
B. High quality goods from local industries
C. An increase in the demand for locally produced goods
D. Shutdown of infant industries

Question 4213:

• WAEC 2021

A country may be able to earn more from exports if she ____________

A. Increase her export duty
B. Devalues her currency
C. Increases her import duty
D. Allows her currency to appreciate

Question 4214:

• WAEC 2021

A customs union is an economic grouping which has ____________

A. Free movement of factors of production
B. Common tariffs against non-Members.
C. Common currency for trading
D. Common military defence

Question 4215:

• WAEC 2021

Balance of payments and trade problems that arose after the world wars were resolved by the ____________

A. International Bank tor Reconstruction and Development.
B. International Monetary Fund.
C. African Development Bank.
D. Organization of Petroleum Exporting Countries.