Post Utme Osustech 2021 Economics Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Osustech Economics examination.

Post Utme Osustech 2021 Economics Objective / Multiple Choice
Question 31 POST_UTME_OSUSTECH • 2021 • ECONOMICS • objective

Consider a country that imports 100 units of a commodity at a price of ₦100 per unit and exports 50 units of another commodity at a price of ₦200 per unit. If the exchange rate is ₦5 per dollar, what is the balance of trade in dollars?

Answer Options

Correct Answer A. $500
B. $750
C. $1000
D. $1250
Correct Answer
A
Correct Option:
$500

About This Question

This is Post Utme Osustech 2021 Economics Question 31. It is one of the objective questions from the 2021 Post Utme Osustech Economics examination.

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