Post Utme Unilag 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Unilag Economics examination.

Post Utme Unilag 2025 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNILAG • 2025 • ECONOMICS • objective

The concept of opportunity \cost in economics implies that the value of the next best alternative that is given up when a choice is made. Which of the following is a correct example of opportunity \cost in Nigeria?

Answer Options

A. The \cost of producing a good in a factory
Correct Answer B. The value of the next best alternative that is given up when a choice is made
C. The \cost of importing a good from another country
D. The \cost of maintaining a good in storage
Correct Answer
B
Correct Option:
The value of the next best alternative that is given up when a choice is made

About This Question

This is Post Utme Unilag 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Unilag Economics examination.

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