Post Utme Unn 2023 Economics Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Unn Economics examination.

Post Utme Unn 2023 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNN • 2023 • ECONOMICS • objective

A country is experiencing a trade deficit, and the government wants to implement a trade policy to reduce the deficit. Which of the following trade policy tools would be most effective in reducing the trade deficit?

Answer Options

A. Implement tariffs on imported goods to reduce imports.
B. Implement quotas on imported goods to reduce imports.
Correct Answer C. Implement subsidies on exported goods to increase exports.
D. Implement taxes on exported goods to reduce exports.
Correct Answer
C
Correct Option:
Implement subsidies on exported goods to increase exports.

About This Question

This is Post Utme Unn 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.

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