Post Utme Bsu 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Bsu Economics examination.

Post Utme Bsu 2018 Economics Objective / Multiple Choice
Question 39 POST_UTME_BSU • 2018 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase the production of rice in the country. The policy includes providing subsidies to farmers, investing in irrigation infrastructure, and promoting the use of high-yielding rice varieties. However, the policy has been criticized for its potential impact on the environment and the displacement of small-scale farmers. What is the likely effect of this policy on the supply of rice in Nigeria?

Answer Options

A. The supply of rice will increase due to the increased production and investment in irrigation infrastructure.
Correct Answer B. The supply of rice will decrease due to the displacement of small-scale farmers and the potential environmental impact.
C. The supply of rice will remain the same due to the offsetting effects of the policy.
D. The supply of rice will increase due to the increased demand and the potential for economies of scale.
Correct Answer
B
Correct Option:
The supply of rice will decrease due to the displacement of small-scale farmers and the potential environmental impact.

About This Question

This is Post Utme Bsu 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Bsu Economics examination.

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