Post Utme Bowen University 2020 Economics Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2020 Economics Objective / Multiple Choice
Question 14 POST_UTME_BOWEN_UNIVERSITY • 2020 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase the production of rice. What is the opportunity \cost of this policy?

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

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