International Trade - Jamb Economics Past Questions and Answers

Question 126:

• JAMB 2001

A country with over-valued currency will?

A. Expect balance of payments surplus
B. Have increased demand forthe exports
C. Increase her foreign reserve
D. Decreased her foreign reserve

Question 127:

• JAMB 2002

The solution to the problem of double coincidence of wants requires a buyer and seller whose demands are precisely?

A. Competitve
B. Composite
C. Supplementary
D. Complementary

Question 128:

• JAMB 2002

The stock exchange is a market for the buying and selling of?

A. Monetary instruments
B. New shares
C. Existing shares
D. Treasury bills

Question 129:

• JAMB 2002

One way of correcting the balance of payments problem of a country is to?

A. Introduce import-promotion measures
B. Buy investments abroad
C. Devalue the currency
D. De-emphasize import-substitution industries

Question 130:

• JAMB 2002

Import substitution aims at?

A. Substituting agricultural products with industrial ones
B. Substituting imports with agricultural exports
C. The diversification of industries
D. Improving the balance of payments