Post Utme Esut 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Esut Economics examination.

Post Utme Esut 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_ESUT • 2021 • ECONOMICS • objective

A country is experiencing a trade deficit, and the government wants to implement a trade policy to reduce the deficit. If the government imposes a tariff on imported goods, what will be the effect on the domestic price (Pd) of the imported good?

Answer Options

Correct Answer A. Pd will increase
B. Pd will decrease
C. Pd will remain unchanged
D. Pd will increase at a decrea\sing rate
Correct Answer
A
Correct Option:
Pd will increase

About This Question

This is Post Utme Esut 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Esut Economics examination.

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