Post Utme Rhema University 2018 Economics Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2018 Economics Objective / Multiple Choice

Question 21 POST_UTME_RHEMA_UNIVERSITY • 2018 • 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 consumption and future consumption

B. Present consumption and investment

C. Investment and future consumption

D. Present consumption and leisure

Correct Answer

Correct Option:

Present consumption and future consumption

About This Question

This is Post Utme Rhema University 2018 Economics Question 21. It is one of the objective questions from the 2018 Post Utme Rhema University Economics examination.

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