Post Utme Futa 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Futa Economics examination.

Post Utme Futa 2023 Economics Objective / Multiple Choice
Question 33 POST_UTME_FUTA • 2023 • ECONOMICS • objective

A government is considering implementing a policy to reduce carbon emissions. The policy involves a tax on carbon-intensive industries. The tax revenue generated will be used to fund renewable energy projects. U\sing the concept of opportunity \cost, explain why the government might choose to implement this policy.

Answer Options

Correct Answer A. The government wants to reduce its reliance on fossil fuels and transition to renewable energy sources.
B. The tax revenue generated will be used to fund other government projects.
C. The policy will create jobs in the renewable energy sector.
D. The policy will increase the \cost of production for carbon-intensive industries.
Correct Answer
A
Correct Option:
The government wants to reduce its reliance on fossil fuels and transition to renewable energy sources.

About This Question

This is Post Utme Futa 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Futa Economics examination.

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