Post Utme Rsu 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_RSU • 2023 • ECONOMICS • objective

A government wants to reduce poverty in a region by increa\sing the minimum wage. However, this may lead to higher production \costs for firms. What type of economic problem is this?

Answer Options

A. Scarcity
B. Opportunity \cost
Correct Answer C. Inefficient allocation of resources
D. Market failure
Correct Answer
C
Correct Option:
Inefficient allocation of resources

About This Question

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

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