Post Utme Lasu 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Lasu Economics examination.

Post Utme Lasu 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_LASU • 2024 • ECONOMICS • objective

A country's government is considering implementing a new tax on imports. What will be the effect of this tax on the country's trade balance?

Answer Options

A. The trade balance will improve due to increased exports.
Correct Answer B. The trade balance will worsen due to increased imports.
C. The trade balance will remain unchanged.
D. The trade balance will improve due to increased imports.
Correct Answer
B
Correct Option:
The trade balance will worsen due to increased imports.

About This Question

This is Post Utme Lasu 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Lasu Economics examination.

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