Post Utme Elizade University 2020 Commerce Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2020 Commerce Objective / Multiple Choice
Question 15 POST_UTME_ELIZADE_UNIVERSITY • 2020 • COMMERCE • objective

A country is considering imposing tariffs on imported goods to protect its domestic industry. Which of the following is a potential consequence of this policy?

Answer Options

A. Increased competition in the domestic market.
B. Reduced prices for consumers.
Correct Answer C. Increased unemployment in the domestic industry.
D. All of the above.
Correct Answer
C
Correct Option:
Increased unemployment in the domestic industry.

About This Question

This is Post Utme Elizade University 2020 Commerce Question 15. It is one of the objective questions from the 2020 Post Utme Elizade University Commerce examination.

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