Post Utme Crawford University 2018 Economics Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2018 Economics Objective / Multiple Choice
Question 30 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments is in surplus, with a trade balance of ₦5,000 and a current account balance of ₦3,000. U\sing the concept of balance of payments, explain why the country's balance of payments is in surplus.

Answer Options

Correct Answer A. The country has a high level of exports, leading to a high trade balance.
B. The country has a high level of imports, leading to a low trade balance.
C. The country has a high level of foreign investment, leading to a high current account balance.
D. The country has a high level of domestic production, leading to a low current account balance.
Correct Answer
A
Correct Option:
The country has a high level of exports, leading to a high trade balance.

About This Question

This is Post Utme Crawford University 2018 Economics Question 30. It is one of the objective questions from the 2018 Post Utme Crawford University Economics examination.

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