Post Utme Elizade University 2018 Economics Question 30

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

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 30 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments is given by BOP = 100 + 0.5X - 0.01X^2, where X is the level of exports. If the country's imports are given by M = 120 - 0.2X + 0.005X^2, what is the country's trade balance?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

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

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