Post Utme Igbinedion University 2018 Economics Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2018 Economics Objective / Multiple Choice
Question 34 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ECONOMICS • objective

Consider a country with a mixed economy, where the government plays a significant role in the allocation of resources. U\sing the concept of opportunity \cost, explain why the government might choose to invest in a public transportation system rather than a private golf course.

Answer Options

Correct Answer A. The government can use the opportunity \cost to justify the investment in public transportation as a means of reducing congestion and improving air quality.
B. The government can use the opportunity \cost to justify the investment in the private golf course as a means of generating revenue and creating jobs.
C. The government can use the opportunity \cost to justify the investment in public transportation as a means of reducing traffic accidents and improving public health.
D. The government can use the opportunity \cost to justify the investment in the private golf course as a means of increa\sing tourism and boosting the local economy.
Correct Answer
A
Correct Option:
The government can use the opportunity \cost to justify the investment in public transportation as a means of reducing congestion and improving air quality.

About This Question

This is Post Utme Igbinedion University 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.

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