Post Utme Lasu 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Lasu Economics examination.

Post Utme Lasu 2017 Economics Objective / Multiple Choice
Question 2 POST_UTME_LASU • 2017 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the value of its imports equals the value of its exports. This is an example of which economic concept?

Answer Options

A. Trade Deficit
B. Trade Surplus
Correct Answer C. Balance of Payments Equilibrium
D. Current Account Deficit
Correct Answer
C
Correct Option:
Balance of Payments Equilibrium

About This Question

This is Post Utme Lasu 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Lasu Economics examination.

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