Post Utme Uniosun 2022 Economics Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2022 Economics Objective / Multiple Choice
Question 16 POST_UTME_UNIOSUN • 2022 • ECONOMICS • objective

Consider a country that imports 100 units of a commodity at a price of ₦500 per unit. If the country also exports 80 units of another commodity at a price of ₦300 per unit, what is the balance of trade?

Answer Options

A. ₦20,000
Correct Answer B. ₦40,000
C. ₦60,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Uniosun 2022 Economics Question 16. It is one of the objective questions from the 2022 Post Utme Uniosun Economics examination.

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