Post Utme Eksu 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Eksu Economics examination.

Post Utme Eksu 2024 Economics Objective / Multiple Choice
Question 38 POST_UTME_EKSU • 2024 • ECONOMICS • objective

A country is experiencing a trade deficit due to a large imbalance between imports and exports. To address this issue, the government decides to impose tariffs on imported goods. What will be the effect of this policy on the trade deficit?

Answer Options

Correct Answer A. The trade deficit will decrease
B. The trade deficit will increase
C. The trade deficit will remain unchanged
D. The trade deficit will be unaffected
Correct Answer
A
Correct Option:
The trade deficit will decrease

About This Question

This is Post Utme Eksu 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Eksu Economics examination.

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