Post Utme Covenant University 2021 Economics Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 30 POST_UTME_COVENANT_UNIVERSITY • 2021 • ECONOMICS • objective

A country is experiencing a trade deficit, and the government is considering implementing a trade policy to reduce the deficit. Which of the following trade policies would be most effective in reducing the trade deficit?

Answer Options

A. Implementing tariffs on imported goods
Correct Answer B. Reducing taxes on exports
C. Implementing quotas on imported goods
D. Reducing government subsidies on exports
Correct Answer
B
Correct Option:
Reducing taxes on exports

About This Question

This is Post Utme Covenant University 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.

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