Post Utme Uniosun 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2018 Economics Objective / Multiple Choice
Question 16 POST_UTME_UNIOSUN • 2018 • ECONOMICS • objective

The government of Nigeria has introduced a new policy to increase agricultural production. The policy includes providing subsidies to farmers, improving irrigation systems, and increa\sing the use of fertilizers. However, the policy also includes a provision to increase the price of fertilizers by 20%. What is the likely effect of this policy on the agricultural sector?

Answer Options

A. The policy will lead to an increase in agricultural production and a decrease in the price of fertilizers.
Correct Answer B. The policy will lead to a decrease in agricultural production and an increase in the price of fertilizers.
C. The policy will have no effect on agricultural production and the price of fertilizers.
D. The policy will lead to an increase in agricultural production and an increase in the price of fertilizers.
Correct Answer
B
Correct Option:
The policy will lead to a decrease in agricultural production and an increase in the price of fertilizers.

About This Question

This is Post Utme Uniosun 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Uniosun Economics examination.

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