Post Utme Lautech 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Lautech Economics examination.

Post Utme Lautech 2020 Economics Objective / Multiple Choice
Question 25 POST_UTME_LAUTECH • 2020 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase the production of agricultural products through the use of subsidies. What is the likely effect of this policy on the agricultural sector?

Answer Options

Correct Answer A. Increase in agricultural production
B. Decrease in agricultural production
C. No effect on agricultural production
D. Increase in agricultural prices
Correct Answer
A
Correct Option:
Increase in agricultural production

About This Question

This is Post Utme Lautech 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.

View More Post Utme Lautech 2020 Economics Questions More Post Utme Lautech Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support