Post Utme Achievers University 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ECONOMICS • objective

The government of Nigeria has introduced a new policy to increase industrial production. The policy aims to provide incentives to firms that invest in new techno\logy. U\sing the concept of production theory, explain why this policy is likely to increase industrial production.

Answer Options

A. The policy will lead to a decrease in industrial production due to the increase in \cost of production.
Correct Answer B. The policy will lead to an increase in industrial production due to the increase in supply of inputs.
C. The policy will lead to a decrease in industrial production due to the decrease in supply of inputs.
D. The policy will lead to an increase in industrial production due to the increase in demand for industrial products.
Correct Answer
B
Correct Option:
The policy will lead to an increase in industrial production due to the increase in supply of inputs.

About This Question

This is Post Utme Achievers University 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Achievers University Economics examination.

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