Post Utme Ui 2025 Economics Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Ui Economics examination.

Post Utme Ui 2025 Economics Objective / Multiple Choice
Question 28 POST_UTME_UI • 2025 • ECONOMICS • objective

The concept of scarcity is closely related to the concept of opportunity \cost. Which of the following is a correct statement about scarcity?

Answer Options

A. Scarcity is the \cost of producing a good or service
B. Scarcity is the benefit of producing a good or service
Correct Answer C. Scarcity is the \cost of not producing a good or service
D. Scarcity is the benefit of not producing a good or service
Correct Answer
C
Correct Option:
Scarcity is the \cost of not producing a good or service

About This Question

This is Post Utme Ui 2025 Economics Question 28. It is one of the objective questions from the 2025 Post Utme Ui Economics examination.

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