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Question 91 Economics (UI) | UI Post UTME
A
Trade done by people in the villages  
B
Exchange of goods for money  
C
International trade  
D
Exchange of goods for goods  
E
The trade of the Middle Ages  
Explanation.
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Correct Option:
D
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Question 92 Economics (UI) | UI Post UTME
A
Comparative advantage  
B
Absolute advantage  
C
Distributive cost advantage  
D
Absolute cost advantage  
E
None of the above  
Explanation.
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Correct Option:
A
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Question 93 Economics (UI) | UI Post UTME
A
Comparative advantage is relevant to the former but not to the latter  
B
Products flow easily within regions of a country  
C
There are different resource supplies among countries of the world  
D
Of regulations from GATT  
E
None of the above  
Explanation.
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Correct Option:
B
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Question 94 Economics (UI) | UI Post UTME
A
Inflation or increasing prices generally  
B
Increase in foreign reserves  
C
Decrease in foreign reserves  
D
Government budget surplus  
E
None of the above  
Explanation.
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Correct Option:
B
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Question 95 Economics (UI) | UI Post UTME
A
The quality of exports  
B
The direction of foreign trade  
C
Terms of purchase on deferred payment basis  
D
The rate at which exports exchange for imports  
E
Import licensing  
Explanation.
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Correct Option:
D
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Question 96 Economics (UI) | UI Post UTME
A
exchange value  
B
barter value  
C
exchange rate  
D
market price  
E
unit price  
Explanation.
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Correct Option:
C
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Question 97 Economics (UI) | UI Post UTME
A
its exports to rise  
B
its imports to rise  
C
gold to flow into that country  
D
its currency to be in surplus  
E
devaluation  
Explanation.
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Correct Option:
B
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Question 98 Economics (UI) | UI Post UTME
A
devaluation  
B
depreciation  
C
inflation  
D
fiscal deficit  
E
none of the above  
Explanation.
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Correct Option:
A
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Question 99 Economics (UI) | UI Post UTME
A
Imports of cars  
B
Export of cocoa  
C
Export of crude petroleum  
D
Tourism  
E
Import of building materials  
Explanation.
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Correct Option:
D
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Question 100 Economics (UI) | UI Post UTME
A
The absence of common currency  
B
Political instability  
C
High poverty level  
D
Non-implementation of decisions  
E
Trade-related political crisis in Ivory coast  
Explanation.
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Correct Option:
A
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