Post Utme Igbinedion University 2022 Commerce Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2022 Commerce Objective / Multiple Choice

Question 10 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • COMMERCE • objective

A country is considering imposing tariffs on imported goods. What is one of the potential effects of this policy?

Answer Options

A. Increased government revenue.

B. Reduced imports.

Correct Answer C. Increased prices for consumers.

D. Increased competition among domestic producers.

Correct Answer

Correct Option:

Increased prices for consumers.

About This Question

This is Post Utme Igbinedion University 2022 Commerce Question 10. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.

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