Post Utme Caleb University 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_CALEB_UNIVERSITY • 2017 • ECONOMICS • objective

A country is experiencing a trade deficit. The government decides to implement a trade policy to reduce the deficit. Which of the following trade policy tools is most likely to be used?

Answer Options

Correct Answer A. Implement a tariff to increase the price of imported goods.
B. Implement a quota to reduce the quantity of imported goods.
C. Implement a subsidy to reduce the price of exported goods.
D. Implement a price control policy to reduce prices.
Correct Answer
A
Correct Option:
Implement a tariff to increase the price of imported goods.

About This Question

This is Post Utme Caleb University 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Caleb University Economics examination.

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