Challenges Facing Financial Institutions In Nigeria Jamb Economics Past Questions
Question 6
Which of the following is the cheapest for the government in improving the welfare of its citizens?
- A. Subsidy
- B. Income supplement
- C. Donation to specific projects
- D. Wages increase
Question 7
By using exchange controls, a country tries to eliminate a balance of payments deficit by?
- A. limiting her imports to its currency value of exports
- B. reducing the nation's domestic price level
- C. limiting her exports to its currency value of imports
- D. overvaluing the country's currency
Question 8
The infant industry argument for protection in developing countries recognizes the needs to employ tariffs to protect
- A. Industries producing baby food and clothing
- B. Industries owned by infants
- C. Newly set-up industries
- D. Industries in which infants will be taken care of
- E. Industries that behave like infants
