Post Utme Noun 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Noun Economics examination.

Post Utme Noun 2019 Economics Objective / Multiple Choice
Question 38 POST_UTME_NOUN • 2019 • ECONOMICS • objective

Consider a country that imports 100 units of a good from another country at a price of ₦50 per unit, and exports 50 units of another good to the same country at a price of ₦75 per unit. If the country's balance of payments is in equilibrium, what is the value of the good that the country imports?

Answer Options

A. ₦5,000
B. ₦10,000
Correct Answer C. ₦15,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Noun 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.

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