Post Utme Futo 2024 Economics Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Futo Economics examination.

Post Utme Futo 2024 Economics Objective / Multiple Choice
Question 6 POST_UTME_FUTO • 2024 • ECONOMICS • objective

The government of Nigeria has introduced a new policy to increase agricultural production. The policy includes subsidies for fertilizers and seeds, as well as training for farmers. However, the policy also includes a tax on agricultural products. Which of the following is a potential consequence of this policy?

Answer Options

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

About This Question

This is Post Utme Futo 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Futo Economics examination.

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