Post Utme Futa 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Futa Economics examination.

Post Utme Futa 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_FUTA • 2021 • ECONOMICS • objective

The government of Nigeria has introduced a new economic development plan aimed at reducing poverty and inequality. The plan includes the following measures: (i) increa\sing the minimum wage by 20%, (ii) providing subsidies to small-scale farmers, and (iii) investing in infrastructure development. Which of the following is a potential consequence of the plan?

Answer Options

A. Increased economic growth
Correct Answer B. Reduced poverty and inequality
C. Increased unemployment
D. Increased inflation
Correct Answer
B
Correct Option:
Reduced poverty and inequality

About This Question

This is Post Utme Futa 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Futa Economics examination.

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