Post Utme Noun 2019 Commerce Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Noun Commerce examination.

Post Utme Noun 2019 Commerce Objective / Multiple Choice
Question 39 POST_UTME_NOUN • 2019 • COMMERCE • objective

A firm has a trade agreement with a foreign country that involves the exchange of goods and services. The agreement includes a clause that requires the firm to pay a tariff on the imported goods. What is the primary effect of the tariff on the firm's trade balance?

Answer Options

Correct Answer A. Increased trade deficit
B. Reduced trade surplus
C. Improved trade balance
D. Enhanced trade competitiveness
Correct Answer
A
Correct Option:
Increased trade deficit

About This Question

This is Post Utme Noun 2019 Commerce Question 39. It is one of the objective questions from the 2019 Post Utme Noun Commerce examination.

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