Post Utme Bowen University 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2022 Economics Objective / Multiple Choice
Question 21 POST_UTME_BOWEN_UNIVERSITY • 2022 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase the production of rice through the use of irrigation. However, the policy has led to a significant increase in the \cost of production. U\sing the concept of opportunity \cost, explain why the government's policy may not be effective in increa\sing rice production.

Answer Options

A. The government's policy has led to a decrease in the opportunity \cost of producing rice, making it more attractive for farmers to produce rice.
Correct Answer B. The government's policy has led to an increase in the opportunity \cost of producing rice, making it less attractive for farmers to produce rice.
C. The government's policy has no effect on the opportunity \cost of producing rice.
D. The government's policy has led to a decrease in the price of rice, making it more attractive for consumers to buy rice.
Correct Answer
B
Correct Option:
The government's policy has led to an increase in the opportunity \cost of producing rice, making it less attractive for farmers to produce rice.

About This Question

This is Post Utme Bowen University 2022 Economics Question 21. It is one of the objective questions from the 2022 Post Utme Bowen University Economics examination.

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