Post Utme Ims U 2024 Commerce Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Ims U Commerce examination.

Post Utme Ims U 2024 Commerce Objective / Multiple Choice

Question 29 POST_UTME_IMS_U • 2024 • COMMERCE • objective

A foreign trade agreement between two countries aims to increase exports and reduce tariffs. Which of the following is a potential benefit of this agreement?

A. Increased competition among domestic producers

Correct Answer B. Improved access to foreign markets for domestic exporters

C. Reduced prices for imported goods due to lower tariffs

D. Increased government revenue from tariff collections

Correct Answer

Correct Option:

Improved access to foreign markets for domestic exporters

This is Post Utme Ims U 2024 Commerce Question 29. It is one of the objective questions from the 2024 Post Utme Ims U Commerce examination.

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