Post Utme Uniport 2025 Economics Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Uniport Economics examination.

Post Utme Uniport 2025 Economics Objective / Multiple Choice
Question 6 POST_UTME_UNIPORT • 2025 • ECONOMICS • objective

Suppose the government of Nigeria decides to impose a 10% tax on all imports. If the current balance of trade deficit is ₦100 billion, what will be the effect on the balance of trade deficit if the tax is implemented?

Answer Options

A. The balance of trade deficit will decrease by 10%.
Correct Answer B. The balance of trade deficit will increase by 10%.
C. The balance of trade deficit will remain unchanged.
D. The balance of trade deficit will increase by 20%.
Correct Answer
B
Correct Option:
The balance of trade deficit will increase by 10%.

About This Question

This is Post Utme Uniport 2025 Economics Question 6. It is one of the objective questions from the 2025 Post Utme Uniport Economics examination.

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