Post Utme Ui 2025 Economics Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Ui Economics examination.

Post Utme Ui 2025 Economics Objective / Multiple Choice
Question 30 POST_UTME_UI • 2025 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Ui 2025 Economics Question 30. It is one of the objective questions from the 2025 Post Utme Ui Economics examination.

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