JAMB Economics 2017 Objective — Question 31
Question 31 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2017 Objective paper, with the correct answer and a full explanation.
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Government proposed projects for 2013 fiscal year: I. Dam-Completed II. Road-Uncompleted III. Airport-Completed IV. Hospital-Uncompleted. From the information provided above, government opportunity cost would be
- A. II only
- B. I and II
- C. I only
- D. II and IVCorrect
Explanation
Based on the projects listed, only the Road and Hospital remain uncompleted - so the opportunity cost includes II and IV.
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