Post Utme Skyline University 2021 Economics Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 10 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A country's government imposes a tariff on imports to protect domestic industries. The tariff is levied at a rate of 20% on all imported goods. If the value of imports is ₦1,000,000, what is the amount of tariff revenue collected?

Answer Options

A. ₦200,000
Correct Answer B. ₦220,000
C. ₦240,000
D. ₦260,000
Correct Answer
B
Correct Option:
₦220,000

About This Question

This is Post Utme Skyline University 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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