Post Utme Abu 2022 Economics Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Abu Economics examination.

Post Utme Abu 2022 Economics Objective / Multiple Choice
Question 15 POST_UTME_ABU • 2022 • ECONOMICS • objective

The Nigerian government has implemented policies to promote economic planning and development. What is the opportunity \cost of investing in economic planning and development?

Answer Options

Correct Answer A. The opportunity \cost is the value of the resources 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.
C. The opportunity \cost is the value of the goods that could have been produced with the same resources.
D. The opportunity \cost is the value of the land that could have been used for other crops.
Correct Answer
A
Correct Option:
The opportunity \cost is the value of the resources that could have been used for other purposes.

About This Question

This is Post Utme Abu 2022 Economics Question 15. It is one of the objective questions from the 2022 Post Utme Abu Economics examination.

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