Post Utme Christopher University 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ECONOMICS • objective

A country is experiencing a balance of payments crisis due to a large trade deficit. If the country's trade deficit is $20 billion and the country's foreign exchange reserves are $10 billion, what is the opportunity \cost of the trade deficit?

Answer Options

A. 20%
Correct Answer B. 30%
C. 40%
D. 50%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Christopher University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Christopher University Economics examination.

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