Post Utme Rhema University 2024 Commerce Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2024 Commerce Objective / Multiple Choice

Question 31 POST_UTME_RHEMA_UNIVERSITY • 2024 • COMMERCE • objective

The concept of 'Gresham's Law' in economics states that bad money drives out good money. Which of the following best describes the underlying principle?

Answer Options

Correct Answer A. The law of supply and demand

B. The law of diminishing marginal utility

C. The law of increasing opportunity cost

D. The law of comparative advantage

Correct Answer

Correct Option:

The law of supply and demand

About This Question

This is Post Utme Rhema University 2024 Commerce Question 31. It is one of the objective questions from the 2024 Post Utme Rhema University Commerce examination.

View More Post Utme Rhema University 2024 Commerce Questions More Post Utme Rhema University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support