Post Utme Covenant University 2025 Economics Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice
Question 14 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

A country's balance of payments (BOP) is in surplus. What does this indicate about the country's trade balance?

Answer Options

Correct Answer A. The country is exporting more than it is importing
B. The country is importing more than it is exporting
C. The country's trade balance is in equilibrium
D. The country's trade balance is uncertain
Correct Answer
A
Correct Option:
The country is exporting more than it is importing

About This Question

This is Post Utme Covenant University 2025 Economics Question 14. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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