Post Utme Afe Babalola University 2025 Economics Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2025 Economics Objective / Multiple Choice
Question 5 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

U\sing the concept of international trade, explain why Nigeria may import goods from other countries, despite having a comparative advantage in producing those goods.

Answer Options

A. Nigeria may import goods from other countries because of the high transportation \costs of exporting goods.
Correct Answer B. Nigeria may import goods from other countries because of the high tariffs imposed by other countries on Nigerian exports.
C. Nigeria may import goods from other countries because of the low quality of Nigerian goods.
D. Nigeria may import goods from other countries because of the high demand for those goods in Nigeria.
Correct Answer
B
Correct Option:
Nigeria may import goods from other countries because of the high tariffs imposed by other countries on Nigerian exports.

About This Question

This is Post Utme Afe Babalola University 2025 Economics Question 5. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Economics examination.

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