Post Utme Al Hikmah University 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2020 Economics Objective / Multiple Choice
Question 31 POST_UTME_AL-HIKMAH_UNIVERSITY • 2020 • ECONOMICS • objective

Consider a country with a mixed economy, where the government plays a significant role in the production of essential goods and services. U\sing the concept of returns to scale, explain why the government might choose to produce these goods and services at a larger scale.

Answer Options

A. To increase efficiency and reduce \costs
B. To increase employment opportunities and stimulate economic growth
Correct Answer C. To increase production and meet the growing demand for essential goods and services
D. To reduce the burden on the private sector and ensure a stable supply of essential goods and services
Correct Answer
C
Correct Option:
To increase production and meet the growing demand for essential goods and services

About This Question

This is Post Utme Al Hikmah University 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Economics examination.

View More Post Utme Al Hikmah University 2020 Economics Questions More Post Utme Al Hikmah University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support