Waec Model Questions Vol1 2021 Economics Question 45

Practice objective / multiple choice question 45 from the 2021 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2021 Economics Objective / Multiple Choice Easy Difficulty
Question 45 WAEC_MODEL_QUESTIONS_VOL1 • 2021 • ECONOMICS • objective

If a country's production‑possibility frontier (PPF) for two goods X and Y is a straight line, what does this imply about the opportunity cost of producing an additional unit of X in terms of Y?

Answer Options

A. The opportunity cost increases; each additional unit of X requires more Y than the previous unit.
Correct Answer B. The opportunity cost is constant; each extra unit of X always costs the same amount of Y.
C. The opportunity cost decreases; each extra unit of X requires less Y than the previous unit.
D. The opportunity cost varies; the amount of Y needed for each extra unit of X changes unpredictably.
Correct Answer
B
Correct Option:
The opportunity cost is constant; each extra unit of X always costs the same amount of Y.

About This Question

This is Waec Model Questions Vol1 2021 Economics Question 45. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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