Post Utme Aaua 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice

Question 13 POST_UTME_AAUA • 2022 • ECONOMICS • objective

The concept of opportunity \cost is closely related to the concept of scarcity. Which of the following is a correct statement regarding opportunity \cost?

A. Opportunity \cost is the \cost of producing a good or service.

B. Opportunity \cost is the benefit of producing a good or service.

Correct Answer C. Opportunity \cost is the \cost of not producing a good or service.

D. Opportunity \cost is the benefit of not producing a good or service.

Correct Answer

Correct Option:

Opportunity \cost is the \cost of not producing a good or service.

This is Post Utme Aaua 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

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