Post Utme Aaua 2025 Economics Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Aaua Economics examination.

Post Utme Aaua 2025 Economics Objective / Multiple Choice
Question 16 POST_UTME_AAUA • 2025 • ECONOMICS • objective

The concept of scarcity in economics implies that the production of one good is limited by the availability of resources that could be used to produce other goods. This is an example of a fundamental principle of economics, which is often referred to as the law of _______

Answer Options

A. diminishing returns
B. comparative advantage
Correct Answer C. opportunity \cost
D. gains from trade
Correct Answer
C
Correct Option:
opportunity \cost

About This Question

This is Post Utme Aaua 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Aaua Economics examination.

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