Post Utme Unilag 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Unilag Economics examination.

Post Utme Unilag 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNILAG • 2017 • ECONOMICS • objective

A country's balance of payments can be affected by the following factors: (i) a decrease in the price of its exports, (ii) an increase in the price of its imports, (iii) a decrease in the price of its imports, and (iv) an increase in the price of its exports. Which of the following would lead to an improvement in the balance of payments?

Answer Options

A. (i) and (ii)
Correct Answer B. (i) and (iii)
C. (ii) and (iv)
D. (iii) and (iv)
Correct Answer
B
Correct Option:
(i) and (iii)

About This Question

This is Post Utme Unilag 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Unilag Economics examination.

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