When the general price level persistently falls, the rate of unemployment

A. rises

B. stagnates

C. rapidly reduces

D. equal natural groth rate

Which of the following is not a direct effort to increase agricultural production?

A. operation feed the nation

B. use of improved seedlings

C. increased loans to farmers and co-operative societies

D. National Youth Service Corps

To ensure high employment rate, developing countries should

A. build more universities

B. protect infant industries

C. organize trade fairs

D. prevent rural-urban drift

The act of selling goods in foreign markets at prices below those charged at home market is called

A. exchange

B. specialization

C. dumping

D. exporting

Taxes levied on commodities are

A. direct taxes

B. indirect tax

C. poll tax

D. investment taxes

One disadvantages of direct tax is that

A. government's revenue is reduced

B. price of essential commodities fall

C. people are discouraged from additional work

D. firms make more profit

International trade is an application of the principle of

A. industrial production

B. mass production

C. regional co-operation

D. comparative cost advantage

Trade among West African countries is poor because the

A. countries are self-sufficient

B. communication links are weak

C. number of banks is insufficient

D. people are not enterprising

A policy by which government restrict the amount of foreign currencies bought and sold is known as

A. devaluation

B. credit creation

C. exchanging control

D. export promotion

Which of the following item is under the capital account of a balance of payment?

A. repayment of foreign loans

B. visible imports

C. invisble exports

D. cocoa exports