Post Utme Covenant University 2025 Economics Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice

Question 33 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

The concept of scarcity in economics implies that the production possibilities curve is always

Answer Options

A. a straight line

B. a curve that shifts outward as income increases

Correct Answer C. a curve that shifts inward as income decreases

D. a curve that is always \tangent to the origin

Correct Answer

Correct Option:

a curve that shifts inward as income decreases

About This Question

This is Post Utme Covenant University 2025 Economics Question 33. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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