Post Utme Lautech 2023 Commerce Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Lautech Commerce examination.

Post Utme Lautech 2023 Commerce Objective / Multiple Choice
Question 39 POST_UTME_LAUTECH • 2023 • COMMERCE • objective

A country is experiencing a trade deficit due to a high level of imports and a low level of exports. Which of the following policies would be most effective in reducing the trade deficit?

Answer Options

A. Increasing tariffs on imports
Correct Answer B. Decreasing taxes on exports
C. Increasing government spending
D. Decreasing government spending
Correct Answer
B
Correct Option:
Decreasing taxes on exports

About This Question

This is Post Utme Lautech 2023 Commerce Question 39. It is one of the objective questions from the 2023 Post Utme Lautech Commerce examination.

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