Post Utme Abu 2022 Economics Question 13

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

Post Utme Abu 2022 Economics Objective / Multiple Choice

Question 13 POST_UTME_ABU • 2022 • ECONOMICS • objective

The Nigerian government has implemented policies to promote industrialization. What is the opportunity \cost of investing in industrialization?

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

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

Correct Answer C. The opportunity \cost is the value of the resources that could have been used for other industries.

D. The opportunity \cost is the value of the goods that could have been produced with the same resources.

Correct Answer

Correct Option:

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

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

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