Post Utme Mountain Top University 2022 Economics Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2022 Economics Objective / Multiple Choice
Question 37 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ECONOMICS • objective

A country is experiencing a trade deficit due to a decrease in exports and an increase in imports. The government decides to implement a policy to increase exports and reduce imports. Which of the following policies would be most effective in achieving this goal?

Answer Options

A. Implementing a tariff on imports to reduce the quantity of imports.
B. Providing subsidies to domestic producers to increase exports.
C. Implementing a quota on imports to reduce the quantity of imports.
Correct Answer D. Devaluing the currency to make exports cheaper.
Correct Answer
D
Correct Option:
Devaluing the currency to make exports cheaper.

About This Question

This is Post Utme Mountain Top University 2022 Economics Question 37. It is one of the objective questions from the 2022 Post Utme Mountain Top University Economics examination.

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