Post Utme Futo 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Futo Economics examination.

Post Utme Futo 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_FUTO • 2024 • ECONOMICS • objective

The government of Nigeria has introduced a new policy to increase industrial production. The policy includes subsidies for raw materials and training for workers. However, the policy also includes a tax on industrial products. Which of the following is a potential consequence of this policy?

Answer Options

A. An increase in industrial production
B. A decrease in industrial production
Correct Answer C. An increase in the price of industrial products
D. A decrease in the price of industrial products
Correct Answer
C
Correct Option:
An increase in the price of industrial products

About This Question

This is Post Utme Futo 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Futo Economics examination.

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