Post Utme Oau 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Oau Economics examination.

Post Utme Oau 2018 Economics Objective / Multiple Choice
Question 20 POST_UTME_OAU • 2018 • ECONOMICS • objective

The Nigerian government has implemented a policy aimed at reducing poverty. The policy involves increa\sing the minimum wage. What is the likely effect of this policy on the poverty rate?

Answer Options

A. Increase in poverty rate
Correct Answer B. Decrease in poverty rate
C. No change in poverty rate
D. Increase in unemployment
Correct Answer
B
Correct Option:
Decrease in poverty rate

About This Question

This is Post Utme Oau 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.

View More Post Utme Oau 2018 Economics Questions More Post Utme Oau Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support