Post Utme Coal City University 2019 Economics Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2019 Economics Objective / Multiple Choice
Question 36 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

The concept of scarcity in economics implies that the production of one good is limited by the availability of resources, which can be used to produce other goods. This is an example of a trade-off between two goods. Which of the following is a correct statement about the trade-off?

Answer Options

A. The production of one good increases the production of another good.
Correct Answer B. The production of one good decreases the production of another good.
C. The production of one good has no effect on the production of another good.
D. The production of one good increases the availability of resources for the production of another good.
Correct Answer
B
Correct Option:
The production of one good decreases the production of another good.

About This Question

This is Post Utme Coal City University 2019 Economics Question 36. It is one of the objective questions from the 2019 Post Utme Coal City University Economics examination.

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