Post Utme Lasu 2025 Economics Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Lasu Economics examination.

Post Utme Lasu 2025 Economics Objective / Multiple Choice
Question 31 POST_UTME_LASU • 2025 • ECONOMICS • objective

The government of Nigeria has introduced a new policy aimed at promoting agricultural development in the country. The policy includes providing subsidies to farmers, improving irrigation systems, and increa\sing access to credit. However, some critics argue that the policy will lead to increased food prices, which will negatively impact the poor. U\sing the concept of opportunity \cost, evaluate the potential impact of this policy on the poor.

Answer Options

A. The policy will lead to increased food prices, which will negatively impact the poor.
B. The policy will lead to increased food production, which will reduce food prices and benefit the poor.
C. The policy will have no impact on food prices or the poor.
Correct Answer D. The policy will lead to increased food prices, but the benefits of increased food production will outweigh the \costs.
Correct Answer
D
Correct Option:
The policy will lead to increased food prices, but the benefits of increased food production will outweigh the \costs.

About This Question

This is Post Utme Lasu 2025 Economics Question 31. It is one of the objective questions from the 2025 Post Utme Lasu Economics examination.

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