Post Utme Joseph Ayo Babalola University 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

The government of Nigeria has introduced a new policy to promote industrialization and economic growth. The policy includes providing subsidies to industries and investing in infrastructure. Which of the following is a potential effect of this policy?

Answer Options

Correct Answer A. Increased investment in the industrial sector and reduced unemployment
B. Increased prices of industrial goods and reduced consumer welfare
C. Decreased investment in the industrial sector and increased unemployment
D. Increased foreign investment and economic growth
Correct Answer
A
Correct Option:
Increased investment in the industrial sector and reduced unemployment

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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