Post Utme Crawford University 2017 Economics Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2017 Economics Objective / Multiple Choice
Question 36 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the value of its imports equals the value of its exports. However, if the country's imports exceed its exports, it will experience a trade deficit. Which of the following is a consequence of a trade deficit?

Answer Options

Correct Answer A. A decrease in the value of its currency
B. An increase in the value of its currency
C. A decrease in the value of its currency and a decrease in the value of its imports
D. An increase in the value of its currency and an increase in the value of its imports
Correct Answer
A
Correct Option:
A decrease in the value of its currency

About This Question

This is Post Utme Crawford University 2017 Economics Question 36. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.

View More Post Utme Crawford University 2017 Economics Questions More Post Utme Crawford University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support