Post Utme Skyline University 2020 Economics Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2020 Economics Objective / Multiple Choice
Question 11 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ECONOMICS • objective

The concept of opportunity \cost is closely related to the law of increa\sing opportunity \cost. Explain how the law of increa\sing opportunity \cost affects the production of a good.

Answer Options

A. The law of increa\sing opportunity \cost leads to a decrease in the production of a good.
Correct Answer B. The law of increa\sing opportunity \cost leads to an increase in the production of a good.
C. The law of increa\sing opportunity \cost has no effect on the production of a good.
D. The law of increa\sing opportunity \cost leads to a shift in the production possibility frontier.
Correct Answer
B
Correct Option:
The law of increa\sing opportunity \cost leads to an increase in the production of a good.

About This Question

This is Post Utme Skyline University 2020 Economics Question 11. It is one of the objective questions from the 2020 Post Utme Skyline University Economics examination.

View More Post Utme Skyline University 2020 Economics Questions More Post Utme Skyline 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