Post Utme Esut 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Esut Economics examination.

Post Utme Esut 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_ESUT • 2018 • ECONOMICS • objective

The opportunity \cost of a choice is the value of the next best alternative that is given up when a decision is made. This concept is closely related to the law of

Answer Options

A. diminishing returns
B. comparative advantage
Correct Answer C. scarcity
D. gains from trade
Correct Answer
C
Correct Option:
scarcity

About This Question

This is Post Utme Esut 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support