Post Utme Uniport 2022 Economics Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Uniport Economics examination.

Post Utme Uniport 2022 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNIPORT • 2022 • ECONOMICS • objective

A country's government is considering implementing a tax on imports. The tax is expected to raise ₦10 billion in revenue. If the tax is expected to reduce imports by 10%, what is the tax rate?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Uniport 2022 Economics Question 19. It is one of the objective questions from the 2022 Post Utme Uniport Economics examination.

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