Post Utme Afe Babalola University 2017 Economics Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2017 Economics Objective / Multiple Choice
Question 37 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A government imposes a tax on imports of 10% ad valorem. If the price of the imported good is ₦100, what is the amount of tax paid on a quantity of 100 units?

Answer Options

A. ₦1000
Correct Answer B. ₦500
C. ₦2000
D. ₦1500
Correct Answer
B
Correct Option:
₦500

About This Question

This is Post Utme Afe Babalola University 2017 Economics Question 37. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.

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