Post Utme Eksu 2022 Economics Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Eksu Economics examination.

Post Utme Eksu 2022 Economics Objective / Multiple Choice
Question 31 POST_UTME_EKSU • 2022 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase agricultural production by providing subsidies to farmers. However, the policy has led to an increase in the price of agricultural inputs, which has resulted in a decrease in the quantity of agricultural output. U\sing the concept of opportunity \cost, explain the opportunity \cost of the government's policy.

Answer Options

A. The opportunity \cost is the decrease in the quantity of agricultural output.
B. The opportunity \cost is the increase in the price of agricultural inputs.
Correct Answer C. The opportunity \cost is the decrease in the quantity of agricultural output and the increase in the price of agricultural inputs.
D. The opportunity \cost is the increase in the quantity of agricultural output.
Correct Answer
C
Correct Option:
The opportunity \cost is the decrease in the quantity of agricultural output and the increase in the price of agricultural inputs.

About This Question

This is Post Utme Eksu 2022 Economics Question 31. It is one of the objective questions from the 2022 Post Utme Eksu Economics examination.

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