Post Utme Mountain Top University 2023 Economics Question 13

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

Post Utme Mountain Top University 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase the production of rice. The policy involves providing subsidies to farmers and increa\sing the import duty on rice. What is the likely effect of this policy on the price of rice?

Answer Options

Correct Answer A. Increase
B. Decrease
C. No change
D. Uncertain
Correct Answer
A
Correct Option:
Increase

About This Question

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

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