A country’s terms of trade are said to improve when the ratio of her export
- A. decreases
- B. remains constant
- C. increases
- D. equals import
The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a
- A. consular invoice
- B. certificate of origin
- C. bill of lading
- D. close indent
The document lodged with the customs authorities before a ship can leave the port is a
- A. shipping note
- B. ship report
- C. ship manifest
- D. dock warrant
The role of customs and exercise authority includes the
- A. provision of a good transport system to facilitate imports and exports
- B. provision of security at the port
- C. control of the flow of goods in and out of the country
- D. provision of dockyards for ship repairs
Trading position of Nigeria is the same as her
- A. desire to trade with many countries
- B. willingness to grant credit to foreigners
- C. balance of trade
- D. terms of trade
A country is said to be experiencing an unfavorable balance of trade if her
- A. exports exceed imports
- B. visible exports exceed visible imports
- C. imports and exports are equal
- D. visible imports exceed visible exports
A country is said to be experiencing an unfavorable balance of trade if her
- A. exports exceed imports
- B. visible exports exceed visible imports
- C. imports and exports are equal
- D. visible imports exceed visible exports
The final link in the chain of distribution is
- A. middlemen
- B. whole saling
- C. consumer
- D. retailing
The final link in the chain of distribution is
- A. middlemen
- B. whole saling
- C. consumer
- D. retailing
The assembling of products into usable forms is known as
- A. creation
- B. manufacturing
- C. construction
- D. formation
The type of labour that makes use of physical effort in production processes is the
- A. unskilled labour
- B. skilled labour
- C. blue-collar job
- D. white-collar job