Post Utme Ims U 2019 Economics Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice
Question 30 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

A country's government decides to implement a new tax on imports. If the tax is levied on the value of imports, what is the likely effect on the country's trade balance?

Answer Options

A. The trade balance will improve.
Correct Answer B. The trade balance will worsen.
C. The trade balance will remain unchanged.
D. The trade balance will increase.
Correct Answer
B
Correct Option:
The trade balance will worsen.

About This Question

This is Post Utme Ims U 2019 Economics Question 30. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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