Post Utme Joseph Ayo Babalola University 2020 Economics Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 36 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

The concept of economic planning in Nigeria implies the formulation of policies to achieve economic development. Which of the following statements best describes the role of economic planning?

Answer Options

Correct Answer A. Economic planning is the process of making decisions about the allocation of resources.
B. Economic planning is the process of making decisions about the distribution of income.
C. Economic planning is the process of making decisions about the production of goods and services.
D. Economic planning is the process of making decisions about the consumption of goods and services.
Correct Answer
A
Correct Option:
Economic planning is the process of making decisions about the allocation of resources.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 36. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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