Post Utme Redeemers University 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase agricultural production by providing subsidies to farmers. However, the policy has led to a decrease in the production of industrial goods. What is the opportunity \cost of the government's policy?

Answer Options

Correct Answer A. The decrease in industrial production
B. The increase in agricultural production
C. The decrease in agricultural production
D. The increase in industrial production
Correct Answer
A
Correct Option:
The decrease in industrial production

About This Question

This is Post Utme Redeemers University 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Redeemers University Economics examination.

View More Post Utme Redeemers University 2017 Economics Questions More Post Utme Redeemers University 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