Post Utme Lead City University 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2019 Economics Objective / Multiple Choice

Question 8 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

A country exports 100 units of a product at a price of $10 per unit and imports 50 units of another product at a price of $20 per unit. What is the balance of trade?

Answer Options

Correct Answer A. $500 surplus

B. $500 deficit

C. $1000 surplus

D. $1000 deficit

Correct Answer

Correct Option:

$500 surplus

About This Question

This is Post Utme Lead City University 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Lead City University Economics examination.

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