Post Utme Joseph Ayo Babalola University 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2021 Economics Objective / Multiple Choice
Question 5 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

The Nigerian government has introduced a new policy to increase agricultural production. The policy includes providing subsidies to farmers, improving irrigation systems, and increa\sing access to credit. However, the policy also includes a provision to increase the price of fertilizers. Which of the following is a likely consequence of this policy?

Answer Options

A. An increase in agricultural production
Correct Answer B. A decrease in agricultural production
C. No change in agricultural production
D. An increase in the price of agricultural products
Correct Answer
B
Correct Option:
A decrease in agricultural production

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

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