Post Utme Ui 2021 Economics Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Ui Economics examination.

Post Utme Ui 2021 Economics Objective / Multiple Choice
Question 1 POST_UTME_UI • 2021 • ECONOMICS • objective

U\sing the Marshall-Lerner condition, determine whether Nigeria's balance of payments will improve if the country's export price increases by 10% and import price decreases by 5%.

Answer Options

Correct Answer A. The balance of payments will improve.
B. The balance of payments will worsen.
C. The balance of payments will remain unchanged.
D. Insufficient information to determine the outcome.
Correct Answer
A
Correct Option:
The balance of payments will improve.

About This Question

This is Post Utme Ui 2021 Economics Question 1. It is one of the objective questions from the 2021 Post Utme Ui Economics examination.

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