Post Utme Abu 2022 Economics Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Abu Economics examination.

Post Utme Abu 2022 Economics Objective / Multiple Choice

Question 12 POST_UTME_ABU • 2022 • ECONOMICS • objective

Agricultural development in Nigeria has been hindered by the lack of irrigation systems. What is the opportunity \cost of not investing in irrigation systems?

Correct Answer A. The opportunity \cost is the value of the land that could have been used for other crops.

B. The opportunity \cost is the value of the water that could have been used for other purposes.

C. The opportunity \cost is the value of the labor that could have been used for other tasks.

D. The opportunity \cost is the value of the fertilizer that could have been used for other crops.

Correct Answer

Correct Option:

The opportunity \cost is the value of the land that could have been used for other crops.

This is Post Utme Abu 2022 Economics Question 12. It is one of the objective questions from the 2022 Post Utme Abu Economics examination.

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