Post Utme Abu 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Abu Economics examination.

Post Utme Abu 2019 Economics Objective / Multiple Choice
Question 24 POST_UTME_ABU • 2019 • ECONOMICS • objective

The government of Nigeria has imposed a tariff on imported goods to protect the domestic industry. What is the effect of this policy on the balance of payments?

Answer Options

A. The balance of payments will improve.
Correct Answer B. The balance of payments will worsen.
C. The balance of payments will remain the same.
D. The balance of payments will fluctuate.
Correct Answer
B
Correct Option:
The balance of payments will worsen.

About This Question

This is Post Utme Abu 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Abu Economics examination.

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