Post Utme Bowen University 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_BOWEN_UNIVERSITY • 2019 • ECONOMICS • objective

A country is experiencing a trade deficit due to an increase in imports and a decrease in exports. U\sing the concept of balance of payments, explain why the country is experiencing a trade deficit.

Answer Options

Correct Answer A. The country is experiencing a trade deficit because the value of imports is greater than the value of exports.
B. The country is experiencing a trade deficit because the value of exports is greater than the value of imports.
C. The country is experiencing a trade deficit because the value of imports is equal to the value of exports.
D. The country is experiencing a trade deficit because the value of exports is equal to the value of imports.
Correct Answer
A
Correct Option:
The country is experiencing a trade deficit because the value of imports is greater than the value of exports.

About This Question

This is Post Utme Bowen University 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.

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