Post Utme Noun 2023 Economics Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 39 POST_UTME_NOUN • 2023 • ECONOMICS • objective

A country is experiencing a 10% increase in imports. If the country is operating on the balance of payments equilibrium, what will be the effect on the balance of payments?

Answer Options

Correct Answer A. The balance of payments will shift to the left.
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
A
Correct Option:
The balance of payments will shift to the left.

About This Question

This is Post Utme Noun 2023 Economics Question 39. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

View More Post Utme Noun 2023 Economics Questions More Post Utme Noun Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support