Post Utme Uniport 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Uniport Economics examination.

Post Utme Uniport 2019 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNIPORT • 2019 • ECONOMICS • objective

The opportunity \cost of a choice is the value of the next best alternative that is given up as a result of making that choice. Which of the following is an example of an opportunity \cost?

Answer Options

A. The \cost of producing a good or service
Correct Answer B. The value of the next best alternative that is given up
C. The price of a good or service
D. The profit made from selling a good or service
Correct Answer
B
Correct Option:
The value of the next best alternative that is given up

About This Question

This is Post Utme Uniport 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Uniport Economics examination.

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