Post Utme Unilorin 2023 Economics Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2023 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNILORIN • 2023 • ECONOMICS • objective

The Nigerian government has introduced a new policy to increase the production of maize in the country. The policy includes providing subsidies to farmers and increa\sing the import duty on maize. U\sing the concept of industrialization, explain why the government's policy may not be effective in increa\sing maize production.

Answer Options

Correct Answer A. The policy may not be effective because the government's policy may lead to a decrease in the quality of maize produced, which may not be acceptable to consumers.
B. The policy may not be effective because the government's policy may lead to a decrease in the quantity of maize produced, due to the high \cost of production.
C. The policy may not be effective because the government's policy may lead to a decrease in the revenue generated from the sale of maize, due to the high \cost of production.
D. The policy may not be effective because the government's policy may lead to a decrease in the quantity of maize produced, due to the high demand for maize.
Correct Answer
A
Correct Option:
The policy may not be effective because the government's policy may lead to a decrease in the quality of maize produced, which may not be acceptable to consumers.

About This Question

This is Post Utme Unilorin 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Unilorin Economics examination.

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