Post Utme Crawford University 2018 Economics Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2018 Economics Objective / Multiple Choice
Question 6 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ECONOMICS • objective

Suppose a country's export price index increases by 10% while its import price index decreases by 5%. What will be the effect on the country's balance of payments?

Answer Options

A. The country's trade deficit will increase.
Correct Answer B. The country's trade surplus will increase.
C. The country's trade deficit will decrease.
D. The country's trade surplus will decrease.
Correct Answer
B
Correct Option:
The country's trade surplus will increase.

About This Question

This is Post Utme Crawford University 2018 Economics Question 6. It is one of the objective questions from the 2018 Post Utme Crawford University Economics examination.

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