Post Utme Madonna University 2019 Economics Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2019 Economics Objective / Multiple Choice
Question 26 POST_UTME_MADONNA_UNIVERSITY • 2019 • ECONOMICS • objective

The concept of scarcity in economics implies that the production of one good is limited by the availability of resources, which can be used to produce other goods. This is an example of a trade-off between:

Answer Options

Correct Answer A. Present and Future Consumption
B. Present and Future Production
C. Present and Future Investment
D. Present and Future Employment
Correct Answer
A
Correct Option:
Present and Future Consumption

About This Question

This is Post Utme Madonna University 2019 Economics Question 26. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.

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