Post Utme Futa 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice
Question 33 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A government imposes a tax on imports to reduce the trade deficit. What is the likely effect of this tax on the trade deficit?

Answer Options

A. The trade deficit will increase.
Correct Answer B. The trade deficit will decrease.
C. The trade deficit will remain the same.
D. The trade deficit will become negative.
Correct Answer
B
Correct Option:
The trade deficit will decrease.

About This Question

This is Post Utme Futa 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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