Post Utme Madonna University 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase the production of rice 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 rice production and a decrease in rice prices.
B. The policy will lead to a decrease in rice production and an increase in rice prices.
Correct Answer C. The policy will have no significant impact on rice production or rice prices.
D. The policy will lead to a decrease in rice production and a decrease in rice prices.
Correct Answer
C
Correct Option:
The policy will have no significant impact on rice production or rice prices.

About This Question

This is Post Utme Madonna University 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.

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