Post Utme Nile University 2019 Economics Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Nile University Economics examination.

Post Utme Nile University 2019 Economics Objective / Multiple Choice
Question 16 POST_UTME_NILE_UNIVERSITY • 2019 • ECONOMICS • objective

The concept of scarcity in economics is best described as:

Answer Options

A. The ability to produce more goods and services with the same amount of resources.
Correct Answer B. The inability to produce more goods and services with the same amount of resources.
C. The ability to produce more goods and services with fewer resources.
D. The inability to produce more goods and services with fewer resources.
Correct Answer
B
Correct Option:
The inability to produce more goods and services with the same amount of resources.

About This Question

This is Post Utme Nile University 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Nile University Economics examination.

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