Post Utme Al Hikmah University 2017 Economics Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2017 Economics Objective / Multiple Choice
Question 26 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ECONOMICS • objective

Suppose the Nigerian government imposes a tariff of 20% on imported goods. If the price of imported goods is $100, what is the new price of the imported goods in naira, given that the exchange rate is ₦360 per dollar?

Answer Options

A. ₦36,000
Correct Answer B. ₦40,000
C. ₦42,000
D. ₦44,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Al Hikmah University 2017 Economics Question 26. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Economics examination.

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