Post Utme Uniport 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Uniport Economics examination.

Post Utme Uniport 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_UNIPORT • 2019 • ECONOMICS • objective
Post Utme Uniport 2019 Economics Question 2 diagram

The following diagram shows the production possibilities frontier (PPF) for a country.

Answer Options

Correct Answer A. Opportunity \cost of producing more of good X is the amount of good Y that must be given up.
B. The PPF shows the maximum possible output of good X that can be produced given the available resources.
C. The slope of the PPF represents the opportunity \cost of producing more of good X.
D. The PPF is a straight line because the opportunity \cost of producing more of good X is cons\tant.
Correct Answer
A
Correct Option:
Opportunity \cost of producing more of good X is the amount of good Y that must be given up.

About This Question

This is Post Utme Uniport 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Uniport Economics examination.

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