Post Utme Skyline University 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2019 Economics Objective / Multiple Choice

Question 1 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ECONOMICS • objective

An open economy experiences a decrease in its export price index. What is the likely effect on its balance of payments?

Answer Options

A. An improvement in the current account balance

Correct Answer B. A deterioration in the current account balance

C. No change in the current account balance

D. A decrease in the capital account balance

Correct Answer

Correct Option:

A deterioration in the current account balance

About This Question

This is Post Utme Skyline University 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Skyline University Economics examination.

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