Post Utme Osustech 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Osustech Economics examination.

Post Utme Osustech 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_OSUSTECH • 2020 • ECONOMICS • objective

A country is experiencing a trade deficit. U\sing the concept of the balance of payments, explain the likely effect of an increase in exports on the country's balance of payments.

Answer Options

A. The trade deficit will increase.
Correct Answer B. The trade deficit will decrease.
C. The trade deficit will remain the same.
D. The trade deficit will increase, but at a decrea\sing rate.
Correct Answer
B
Correct Option:
The trade deficit will decrease.

About This Question

This is Post Utme Osustech 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.

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