Post Utme Ims U 2025 Economics Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice
Question 13 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

The concept of scarcity is a fundamental principle in economics, which states that the needs and wants of individuals are unlimited, but the resources available to satisfy those needs and wants are limited. This leads to the necessity of making choices and trade-offs. Which of the following is a correct example of a trade-off?

Answer Options

Correct Answer A. Choo\sing between a higher salary and a shorter working week
B. Choo\sing between a new car and a vacation
C. Choo\sing between a higher education and a career in the arts
D. Choo\sing between a new smartphone and a laptop
Correct Answer
A
Correct Option:
Choo\sing between a higher salary and a shorter working week

About This Question

This is Post Utme Ims U 2025 Economics Question 13. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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