Post Utme Ui 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Ui Economics examination.

Post Utme Ui 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_UI • 2021 • ECONOMICS • objective

Agricultural development in Nigeria has been hindered by the lack of access to credit by small-scale farmers. What is the opportunity \cost of providing credit to these farmers?

Answer Options

Correct Answer A. The opportunity \cost of providing credit to these farmers is the forgone interest income
B. The opportunity \cost of providing credit to these farmers is the forgone output
C. The opportunity \cost of providing credit to these farmers is the forgone employment
D. The opportunity \cost of providing credit to these farmers is the forgone investment
Correct Answer
A
Correct Option:
The opportunity \cost of providing credit to these farmers is the forgone interest income

About This Question

This is Post Utme Ui 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Ui Economics examination.

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