Post Utme Bowen University 2020 Economics Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2020 Economics Objective / Multiple Choice
Question 12 POST_UTME_BOWEN_UNIVERSITY • 2020 • ECONOMICS • objective

Agricultural development in Nigeria has been hindered by the lack of access to credit for small-scale farmers. What is the opportunity \cost of providing credit to these farmers?

Answer Options

A. The opportunity \cost is the forgone income from not investing in other sectors.
Correct Answer B. The opportunity \cost is the forgone income from not investing in other agricultural projects.
C. The opportunity \cost is the forgone income from not investing in other industries.
D. The opportunity \cost is the forgone income from not investing in other countries.
Correct Answer
B
Correct Option:
The opportunity \cost is the forgone income from not investing in other agricultural projects.

About This Question

This is Post Utme Bowen University 2020 Economics Question 12. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.

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