Post Utme Lautech 2019 Economics Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Lautech Economics examination.

Post Utme Lautech 2019 Economics Objective / Multiple Choice
Question 6 POST_UTME_LAUTECH • 2019 • ECONOMICS • objective

The government of Nigeria has implemented a 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 its potential impact on the environment and the displacement of small-scale farmers. What is the likely effect of this policy on the supply of rice in Nigeria?

Answer Options

Correct Answer A. The supply of rice will increase due to the increased production by farmers.
B. The supply of rice will decrease due to the displacement of small-scale farmers.
C. The supply of rice will remain the same due to the balanced effects of the policy.
D. The supply of rice will increase due to the improved irrigation systems.
Correct Answer
A
Correct Option:
The supply of rice will increase due to the increased production by farmers.

About This Question

This is Post Utme Lautech 2019 Economics Question 6. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.

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