Post Utme Abu 2025 Economics Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Abu Economics examination.

Post Utme Abu 2025 Economics Objective / Multiple Choice
Question 10 POST_UTME_ABU • 2025 • ECONOMICS • objective

A country is experiencing a trade deficit. The government has introduced a trade policy to reduce the deficit. The policy includes increa\sing tariffs on imported goods and reducing subsidies on exports. What is the likely effect of this policy on the overall trade balance?

Answer Options

A. The policy will lead to an increase in the overall trade deficit.
Correct Answer B. The policy will lead to a decrease in the overall trade deficit.
C. The policy will have no effect on the overall trade deficit.
D. The policy will lead to an increase in the overall GDP.
Correct Answer
B
Correct Option:
The policy will lead to a decrease in the overall trade deficit.

About This Question

This is Post Utme Abu 2025 Economics Question 10. It is one of the objective questions from the 2025 Post Utme Abu Economics examination.

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