Post Utme Oau 2022 Economics Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Oau Economics examination.

Post Utme Oau 2022 Economics Objective / Multiple Choice

Question 26 POST_UTME_OAU • 2022 • ECONOMICS • objective

Consider a country that imports 60% of its coffee and exports 70% of its cocoa. If the country's coffee imports increase by 15% and cocoa exports decrease by 10%, what is the new balance of trade?

Correct Answer A. Coffee imports increase by 15%, cocoa exports decrease by 10%

B. Coffee imports decrease by 15%, cocoa exports increase by 10%

C. Coffee imports increase by 15%, cocoa exports increase by 10%

D. Coffee imports decrease by 15%, cocoa exports decrease by 10%

Correct Answer

Correct Option:

Coffee imports increase by 15%, cocoa exports decrease by 10%

This is Post Utme Oau 2022 Economics Question 26. It is one of the objective questions from the 2022 Post Utme Oau Economics examination.

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