Post Utme Coal City University 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2018 Economics Objective / Multiple Choice
Question 14 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

A country is experiencing a recession due to a decrease in aggregate demand. What is the opportunity \cost of increa\sing government sp\ending to stimulate the economy?

Answer Options

A. The opportunity \cost is the reduction in the quality of goods and services available in the market.
B. The opportunity \cost is the increase in the prices of goods and services in the market.
Correct Answer C. The opportunity \cost is the reduction in the quantity of goods and services available in the market.
D. The opportunity \cost is the increase in the demand for goods and services in the market.
Correct Answer
C
Correct Option:
The opportunity \cost is the reduction in the quantity of goods and services available in the market.

About This Question

This is Post Utme Coal City University 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Coal City University Economics examination.

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