Post Utme Unilorin 2020 Economics Question 43

Practice objective / multiple choice question 43 from the 2020 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2020 Economics Objective / Multiple Choice
Question 43 POST_UTME_UNILORIN • 2020 • ECONOMICS • objective

A country imposes a tariff of 20% on imported goods. What is the effect on the domestic price of the imported good?

Answer Options

Correct Answer A. Increase
B. Decrease
C. No change
D. Uncertain
Correct Answer
A
Correct Option:
Increase

About This Question

This is Post Utme Unilorin 2020 Economics Question 43. It is one of the objective questions from the 2020 Post Utme Unilorin Economics examination.

View More Post Utme Unilorin 2020 Economics Questions More Post Utme Unilorin Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support