Post Utme Lead City University 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2017 Economics Objective / Multiple Choice
Question 4 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

Consider a country with a tariff rate of 20% on imported goods. If the price of the imported good is $100, what is the effective price paid by consumers?

Answer Options

A. $80
B. $90
C. $100
Correct Answer D. $120
Correct Answer
D
Correct Option:
$120

About This Question

This is Post Utme Lead City University 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Lead City University Economics examination.

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