International Trade - Jamb Economics Past Questions and Answers

Question 91:

• JAMB 1991

there is an improvement in the terms of trade of a country if?

A. A large quantity of exports is given up to obtain a unit of imports
B. The volume of exports is greater than the volume of imports
C. A smaller quantity of exports is given up to obtain a unit of imports
D. The value of exports is greater than the value of imports

Question 92:

• JAMB 1991

there is an improvement in the terms of trade of a country if?

A. A large quantity of exports is given up to obtain a unit of imports
B. The volume of exports is greater than the volume of imports
C. A smaller quantity of exports is given up to obtain a unit of imports
D. The value of exports is greater than the value of imports

Question 93:

• JAMB 1991

Under flexible exchange rates, a deficit could be corrected by?

A. Freezing the gold point
B. Appreciation of other currencies
C. Removing export subsidies
D. Removing tariffs

Question 94:

• JAMB 1992

If a country has a balance of payment crisis, which of the following measures can best bring about a improvement in the short run?

A. Large-scale importation of foreign goods
B. Investment in capital market abroad
C. Large-scale export of locally made abroad
D. Repayment of debt to her creditors

Question 95:

• JAMB 1992

When a foreigner on a visit to Nigeria pays for hotel accommodation and meals with some foreign currency,the amount paid should be recorded in Nigeria's balance of payment as an item of?

A. Nigeria's invisible export trade
B. Nigeria's import trade
C. Nigeria's invisble trade
D. Foreign capital inflow into Nigeria