Post Utme Caleb University 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice

Question 18 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

The concept of opportunity \cost is closely related to the concept of scarcity. Which of the following is an example of opportunity \cost?

Answer Options

A. The \cost of producing a good or service

Correct Answer B. The \cost of not producing a good or service

C. The \cost of importing a good or service

D. The \cost of exporting a good or service

Correct Answer

Correct Option:

The \cost of not producing a good or service

About This Question

This is Post Utme Caleb University 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.

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