Post Utme Christopher University 2024 Economics Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 26 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • 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 is not necessarily a reflection of the country's overall economic health. What is the name of the economic concept that describes the relationship between a country's imports and exports?

Answer Options

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

About This Question

This is Post Utme Christopher University 2024 Economics Question 26. It is one of the objective questions from the 2024 Post Utme Christopher University Economics examination.

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