Post Utme Babcock University 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ECONOMICS • objective

A country imposes a tariff of 20% on imported goods. If the world price of the good is $100, what is the domestic price?

Answer Options

A. $80
Correct Answer B. $120
C. $110
D. $130
Correct Answer
B
Correct Option:
$120

About This Question

This is Post Utme Babcock University 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.

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