Post Utme Redeemers University 2019 Economics Question 16

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

Post Utme Redeemers University 2019 Economics Objective / Multiple Choice

Question 16 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ECONOMICS • objective

The concept of opportunity \cost is most closely related to which of the following economic principles?

Answer Options

A. Law of Diminishing Marginal Utility

Correct Answer B. Law of Increa\sing Opportunity Cost

C. Law of Diminishing Returns

D. Law of Comparative Advantage

Correct Answer

Correct Option:

Law of Increa\sing Opportunity Cost

About This Question

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

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