WAEC Commerce 2017 Objective — Question 21

Question 21 of 50 from the West African Examinations Council (WAEC) Commerce 2017 Objective paper, with the correct answer and a full explanation.

21. An example of an invisible item of trade is

A. A. oil
B. B. shippingCorrect
C. C. machinery
D. D. textile

Explanation

Invisible trade involves all exchanges of service. That is, not the exchange of tangible items such as laptops, oil etc. Shipping is a service, thus an invisible trade item.

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