Post Utme Noun 2023 Economics Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 32 POST_UTME_NOUN • 2023 • ECONOMICS • objective

A country's balance of payments is in equilibrium. If the country experiences a 10% increase in exports, what will be the effect on the balance of payments?

Answer Options

A. The balance of payments will shift to the left.
Correct Answer B. The balance of payments will shift to the right.
C. The balance of payments will remain unchanged.
D. The balance of payments will shift downwards.
Correct Answer
B
Correct Option:
The balance of payments will shift to the right.

About This Question

This is Post Utme Noun 2023 Economics Question 32. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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