Post Utme Esut 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2017 • ECONOMICS • objective

A country's balance of payments is in equilibrium. If the country's imports increase by ₦10 billion, what will happen to its trade balance?

Answer Options

A. Trade balance will increase
Correct Answer B. Trade balance will decrease
C. Trade balance will remain the same
D. Trade balance will increase at first, then decrease
Correct Answer
B
Correct Option:
Trade balance will decrease

About This Question

This is Post Utme Esut 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

View More Post Utme Esut 2017 Economics Questions More Post Utme Esut Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support