International Trade - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2019

The policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange is called__________

A. Sales promotion
B. Term of trade
C. Export promotion
D. International trade

Question 7:

• JAMB 2019

Which of the following is an invisible item?

A. Petroleum services
B. Processed rice
C. Processed milk
D. Banking services

Question 8:

• JAMB 2019

The formula (index of export prices)/(index of import prices) x 100 is used to measure the____________

A. Volume of trade between countries
B. Direction of international trade
C. Commodity terms of trade
D. Volume of imports

Question 9:

• JAMB 2019

The two major types of international trade are Bilateral trade and?

A. Internal trade
B. Multilateral trade
C. Dilateral trade
D. Trilateral trade

Question 10:

• JAMB 2017

A country's terms of trade can be improved by ____?

A. Collective bargaining
B. Imposing lower export duties
C. Revelation of currency
D. Reducing demand for imported goods