Post Utme Skyline University 2020 Government Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Skyline University Government examination.

Post Utme Skyline University 2020 Government Objective / Multiple Choice
Question 14 POST_UTME_SKYLINE_UNIVERSITY • 2020 • GOVERNMENT • objective

A government has introduced a new policy to increase the minimum wage for workers. The policy involves increasing the minimum wage by 20% over a period of two years. Discuss the potential impact of this policy on the economy, using data from previous wage increases.

Answer Options

A. The policy will increase inflation by 5%.
B. The policy will have no impact on inflation.
C. The policy will decrease unemployment by 10%.
Correct Answer D. The policy will increase economic growth by 15%.
Correct Answer
D
Correct Option:
The policy will increase economic growth by 15%.

About This Question

This is Post Utme Skyline University 2020 Government Question 14. It is one of the objective questions from the 2020 Post Utme Skyline University Government examination.

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