Post Utme Ims U 2023 Economics Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Ims U Economics examination.

Post Utme Ims U 2023 Economics Objective / Multiple Choice
Question 11 POST_UTME_IMS_U • 2023 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase agricultural production by providing subsidies to farmers. However, the policy has been criticized for being inefficient and wasteful. Which of the following is a potential opportunity \cost of this policy?

Answer Options

A. Increased food prices
Correct Answer B. Reduced agricultural production
C. Increased government revenue
D. Reduced poverty among farmers
Correct Answer
B
Correct Option:
Reduced agricultural production

About This Question

This is Post Utme Ims U 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Ims U Economics examination.

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