Post Utme Madonna University 2023 Economics Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 15 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

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

About This Question

This is Post Utme Madonna University 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.

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