Post Utme Al Hikmah University 2019 Commerce Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2019 Commerce Objective / Multiple Choice
Question 27 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • COMMERCE • objective

A company's foreign trade policy involves the use of tariffs to protect its domestic industry. What is the primary effect of a tariff on a country's trade balance?

Answer Options

A. To increase the country's trade balance
Correct Answer B. To decrease the country's trade balance
C. To have no effect on the country's trade balance
D. To increase the country's trade deficit
Correct Answer
B
Correct Option:
To decrease the country's trade balance

About This Question

This is Post Utme Al Hikmah University 2019 Commerce Question 27. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Commerce examination.

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