Post Utme Rsu 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_RSU • 2023 • ECONOMICS • objective

A country is considering a policy of agricultural subsidies to increase food production. U\sing the concept of opportunity \cost, explain the potential drawbacks of this policy.

Answer Options

A. Increased food production will lead to higher prices
Correct Answer B. Subsidies will lead to overproduction and waste
C. Subsidies will lead to underproduction and shortages
D. Subsidies will lead to increased employment in agriculture
Correct Answer
B
Correct Option:
Subsidies will lead to overproduction and waste

About This Question

This is Post Utme Rsu 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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