Post Utme Lasu 2024 Economics Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Lasu Economics examination.

Post Utme Lasu 2024 Economics Objective / Multiple Choice
Question 24 POST_UTME_LASU • 2024 • ECONOMICS • objective

A government is considering a policy to reduce poverty by increa\sing the minimum wage. However, this policy may lead to higher unemployment. Which of the following statements is correct?

Answer Options

A. The policy will reduce poverty and increase employment.
Correct Answer B. The policy will reduce poverty but may lead to higher unemployment.
C. The policy will increase poverty and unemployment.
D. The policy will have no effect on poverty and unemployment.
Correct Answer
B
Correct Option:
The policy will reduce poverty but may lead to higher unemployment.

About This Question

This is Post Utme Lasu 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Lasu Economics examination.

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