Post Utme Al Hikmah University 2022 Economics Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice
Question 26 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the value of its imports equals the value of its exports. However, this equilibrium may not necessarily reflect the country's overall economic performance. What is the name of the economic concept that explains this phenomenon?

Answer Options

A. Balance of Trade
Correct Answer B. Balance of Payments
C. Current Account Deficit
D. Terms of Trade
Correct Answer
B
Correct Option:
Balance of Payments

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 26. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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