Post Utme Osustech 2019 Economics Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Osustech Economics examination.

Post Utme Osustech 2019 Economics Objective / Multiple Choice
Question 16 POST_UTME_OSUSTECH • 2019 • ECONOMICS • objective

Consider a country with a mixed economy, where the government plays a significant role in the production and distribution of goods and services. Analyze the impact of government intervention on the efficiency of resource allocation in the economy.

Answer Options

A. Government intervention leads to a more efficient allocation of resources, as it allows for the correction of market failures.
Correct Answer B. Government intervention leads to a less efficient allocation of resources, as it distorts market signals and creates inefficiencies.
C. Government intervention has no impact on the efficiency of resource allocation, as it is determined by market forces.
D. Government intervention leads to a more efficient allocation of resources, but only in the short run.
Correct Answer
B
Correct Option:
Government intervention leads to a less efficient allocation of resources, as it distorts market signals and creates inefficiencies.

About This Question

This is Post Utme Osustech 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.

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