Post Utme Madonna University 2023 Economics Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 11 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase agricultural production by providing subsidies to farmers. However, the policy has been criticized for being inefficient and wasteful. Analyze the potential impact of this policy on the agricultural sector and the economy as a whole.

Answer Options

A. The policy will lead to a significant increase in agricultural production and a decrease in food prices.
B. The policy will lead to a decrease in agricultural production and an increase in food prices.
Correct Answer C. The policy will have no significant impact on agricultural production or food prices.
D. The policy will lead to a decrease in agricultural production and a decrease in food prices.
Correct Answer
C
Correct Option:
The policy will have no significant impact on agricultural production or food prices.

About This Question

This is Post Utme Madonna University 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.

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