Post Utme Lasu 2017 Economics Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Lasu Economics examination.

Post Utme Lasu 2017 Economics Objective / Multiple Choice
Question 36 POST_UTME_LASU • 2017 • ECONOMICS • objective

The government of Nigeria has introduced a new policy to increase the production of rice in the country. The policy includes providing subsidies to farmers, improving irrigation systems, and increa\sing the availability of fertilizers. However, the policy has been criticized for being too expensive and not addres\sing the root causes of the problem. What is the main economic concept underlying this policy?

Answer Options

A. Supply-side economics
B. Demand-side economics
C. Market failure
Correct Answer D. Government intervention
Correct Answer
D
Correct Option:
Government intervention

About This Question

This is Post Utme Lasu 2017 Economics Question 36. It is one of the objective questions from the 2017 Post Utme Lasu Economics examination.

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