Post Utme Futo 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Futo Economics examination.

Post Utme Futo 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_FUTO • 2018 • ECONOMICS • objective

A country is experiencing a trade deficit due to a large imbalance in its balance of payments. Which of the following policies would help to reduce the trade deficit?

Answer Options

Correct Answer A. Devaluation of the currency
B. Increase in import tariffs
C. Reduction in export subsidies
D. Increase in foreign aid
Correct Answer
A
Correct Option:
Devaluation of the currency

About This Question

This is Post Utme Futo 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.

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