Post Utme Bells University 2022 Economics Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Bells University Economics examination.

Post Utme Bells University 2022 Economics Objective / Multiple Choice

Question 6 POST_UTME_BELLS_UNIVERSITY • 2022 • ECONOMICS • objective

The opportunity \cost of a choice is the value of the next best alternative that is given up when a choice is made. Which of the following is an example of opportunity \cost?

Answer Options

A. The \cost of producing a good

Correct Answer B. The value of a good that is not produced

C. The \cost of a good that is not consumed

D. The value of a good that is consumed

Correct Answer

Correct Option:

The value of a good that is not produced

About This Question

This is Post Utme Bells University 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Bells University Economics examination.

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