Post Utme Unn 2023 Economics Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Unn Economics examination.

Post Utme Unn 2023 Economics Objective / Multiple Choice
Question 30 POST_UTME_UNN • 2023 • ECONOMICS • objective

The Nigerian government has implemented a policy to increase industrial production through the use of subsidies. However, the use of subsidies has also led to an increase in the budget deficit. What is the opportunity \cost of u\sing subsidies in industry?

Answer Options

A. The opportunity \cost is the reduction in industrial production.
Correct Answer B. The opportunity \cost is the increase in budget deficit.
C. The opportunity \cost is the decrease in government revenue.
D. The opportunity \cost is the increase in inflation.
Correct Answer
B
Correct Option:
The opportunity \cost is the increase in budget deficit.

About This Question

This is Post Utme Unn 2023 Economics Question 30. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.

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