Post Utme Al Hikmah University 2020 Economics Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2020 Economics Objective / Multiple Choice
Question 35 POST_UTME_AL-HIKMAH_UNIVERSITY • 2020 • ECONOMICS • objective

A country is experiencing a trade deficit, and the government is considering implementing a trade policy to reduce the deficit. U\sing the concept of trade policy, explain why the government might choose to impose tariffs on imported goods.

Answer Options

Correct Answer A. To increase government revenue and reduce the trade deficit
B. To protect domestic industries and reduce competition from foreign firms
C. To reduce the price of imported goods and increase consumer welfare
D. To increase employment opportunities and stimulate economic growth
Correct Answer
A
Correct Option:
To increase government revenue and reduce the trade deficit

About This Question

This is Post Utme Al Hikmah University 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Economics examination.

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