Post Utme Mountain Top University 2019 Economics Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2019 Economics Objective / Multiple Choice

Question 11 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ECONOMICS • objective

A country's government decides to impose a tax on imports to raise revenue. If the tax is levied on the value of imports, which of the following is a likely consequence?

Answer Options

A. The tax will lead to a decrease in the quantity of imports

Correct Answer B. The tax will lead to an increase in the price of imports

C. The tax will lead to a decrease in the value of exports

D. The tax will lead to an increase in the quantity of exports

Correct Answer

Correct Option:

The tax will lead to an increase in the price of imports

About This Question

This is Post Utme Mountain Top University 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.

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