Post Utme Nile University 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Nile University Economics examination.

Post Utme Nile University 2019 Economics Objective / Multiple Choice
Question 5 POST_UTME_NILE_UNIVERSITY • 2019 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase agricultural production by providing subsidies to farmers. However, this policy has led to an increase in the price of agricultural products. Analyze the impact of this policy on the agricultural sector and the overall economy.

Answer Options

A. The policy has increased agricultural production and reduced the price of agricultural products.
B. The policy has increased agricultural production but has not affected the price of agricultural products.
Correct Answer C. The policy has decreased agricultural production and increased the price of agricultural products.
D. The policy has decreased agricultural production but has not affected the price of agricultural products.
Correct Answer
C
Correct Option:
The policy has decreased agricultural production and increased the price of agricultural products.

About This Question

This is Post Utme Nile University 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Nile University Economics examination.

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