Post Utme Babcock University 2020 Geography Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Babcock University Geography examination.

Post Utme Babcock University 2020 Geography Objective / Multiple Choice
Question 27 POST_UTME_BABCOCK_UNIVERSITY • 2020 • GEOGRAPHY • objective

A company is considering investing in a new project that will require the extraction of a rare mineral from the Earth's crust. Which of the following economic principles is most relevant to this decision?

Answer Options

A. Opportunity cost
Correct Answer B. Scarcity
C. Supply and demand
D. Comparative advantage
Correct Answer
B
Correct Option:
Scarcity

About This Question

This is Post Utme Babcock University 2020 Geography Question 27. It is one of the objective questions from the 2020 Post Utme Babcock University Geography examination.

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