Post Utme Crawford University 2017 Commerce Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2017 Commerce Objective / Multiple Choice

Question 24 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • COMMERCE • objective

A country is considering imposing a tariff on imports of a particular good. The tariff is set at 20% of the value of the good. If the country imports 100 units of the good worth ₦10,000 each, what is the total revenue generated by the tariff?

Answer Options

A. ₦2 million

Correct Answer B. ₦4 million

C. ₦6 million

D. ₦8 million

Correct Answer

Correct Option:

₦4 million

About This Question

This is Post Utme Crawford University 2017 Commerce Question 24. It is one of the objective questions from the 2017 Post Utme Crawford University Commerce examination.

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