Post Utme Lautech 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Lautech Economics examination.

Post Utme Lautech 2021 Economics Objective / Multiple Choice

Question 39 POST_UTME_LAUTECH • 2021 • ECONOMICS • objective

A country's balance of payments is in surplus when the value of its exports exceeds the value of its imports. Which of the following is a characteristic of a balance of payments surplus?

Answer Options

Correct Answer A. Exports exceed imports

B. Imports exceed exports

C. Exports equal imports

D. Exports are zero

Correct Answer

Correct Option:

Exports exceed imports

About This Question

This is Post Utme Lautech 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Lautech Economics examination.

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