Post Utme Coal City University 2018 Economics Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2018 Economics Objective / Multiple Choice

Question 30 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

The concept of opportunity \cost is closely related to the concept of scarcity. What is the opportunity \cost of choo\sing one good over another?

Answer Options

A. The \cost of producing the good

Correct Answer B. The \cost of producing an alternative good

C. The \cost of importing the good

D. The \cost of exporting the good

Correct Answer

Correct Option:

The \cost of producing an alternative good

About This Question

This is Post Utme Coal City University 2018 Economics Question 30. It is one of the objective questions from the 2018 Post Utme Coal City University Economics examination.

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