Post Utme Futo 2025 Economics Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Futo Economics examination.

Post Utme Futo 2025 Economics Objective / Multiple Choice

Question 16 POST_UTME_FUTO • 2025 • ECONOMICS • objective

The concept of scarcity in economics implies that the production of one good is at the expense of another. Which of the following is a correct example of this?

Correct Answer A. A farmer must choose between growing wheat or corn due to limited land

B. A company must decide between investing in a new factory or expanding its current one

C. A consumer must choose between buying a new car or a new house

D. A government must decide between increa\sing taxes or reducing public sp\ending

Correct Answer

Correct Option:

A farmer must choose between growing wheat or corn due to limited land

This is Post Utme Futo 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Futo Economics examination.

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