Post Utme Aaua 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_AAUA • 2024 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase agricultural production. The policy involves providing subsidies to farmers and investing in irrigation infrastructure. However, the policy has also led to an increase in the price of agricultural products. U\sing the concept of opportunity \cost, analyze the impact of the policy on the economy.

Answer Options

Correct Answer A. The policy has increased the opportunity \cost of producing agricultural products.
B. The policy has decreased the opportunity \cost of producing agricultural products.
C. The policy has no impact on the opportunity \cost of producing agricultural products.
D. The policy has increased the opportunity \cost of consuming agricultural products.
Correct Answer
A
Correct Option:
The policy has increased the opportunity \cost of producing agricultural products.

About This Question

This is Post Utme Aaua 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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