Post Utme Esut 2017 Economics Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 24 POST_UTME_ESUT • 2017 • ECONOMICS • objective

The government of Nigeria imposes a tax on imported goods to raise revenue. What is the likely effect of this tax on the quantity of the good imported?

Answer Options

A. The quantity of the good imported increases.
Correct Answer B. The quantity of the good imported decreases.
C. The quantity of the good imported remains the same.
D. The quantity of the good imported increases in the short run but decreases in the long run.
Correct Answer
B
Correct Option:
The quantity of the good imported decreases.

About This Question

This is Post Utme Esut 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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