Post Utme Uniben 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Uniben Economics examination.

Post Utme Uniben 2022 Economics Objective / Multiple Choice
Question 21 POST_UTME_UNIBEN • 2022 • ECONOMICS • objective

The government of a country decides to implement a policy of price control to reduce inflation. However, this policy leads to a shortage of essential goods. What is the likely effect of this policy on the overall level of economic activity?

Answer Options

A. Increase in economic activity
Correct Answer B. Decrease in economic activity
C. No effect on economic activity
D. Increase in inflation
Correct Answer
B
Correct Option:
Decrease in economic activity

About This Question

This is Post Utme Uniben 2022 Economics Question 21. It is one of the objective questions from the 2022 Post Utme Uniben Economics examination.

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